A newly released report from Meals on Wheels America and Quantified Ventures, supported by Nonprofit Finance Fund, Effective Partnerships Between Community-Based Organizations and Healthcare: A Possible Path to Sustainability describes a first-in-kind attempt to develop a Pay for Success project between a Medicare Advantage plan and Meals on Wheels America. The project resulted in the Medicare Advantage plan paying for the Meals on Wheels services directly, bypassing the need for the Pay for Success approach. The process of methodically structuring the Pay for Success project led Meals on Wheels to build the trust and confidence with the Medicare Advantage plan required for a direct contract – which is the main goal of Pay for Success.
This experience unearthed previously unknown challenges and enablers of how Medicare Advantage plans can creatively finance, through Pay for Success and other outcomes-based financing approaches, initiatives focused on prevention and addressing the social determinants of health.
Join Grantmakers In Aging as we explore these learnings and provide tactical guidance for how social service providers and health plans can partner to push forward this important work.