Frequently Asked Questions (FAQ)
Below, we address common questions about the application process, eligibility, and timeline to help you navigate the program with confidence. For detailed guidance, please refer to the link for complete FAQ document.
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Who is eligible to apply?
Only entities licensed by the Agency for Health Care Administration (AHCA) under s. 408.802, F.S., like hospitals, nursing homes, and outpatient clinics, can apply. Non-licensed organizations, startups, or individuals are not eligible.
What qualifies as an innovation?
An innovative project is a novel technology, service model, or concept that improves health care quality, efficiency, or accessibility with measurable, sustainable benefits to Florida’s health care system.
What are the funding priorities?
Projects should improve patient outcomes, use advanced technologies, reduce emergency visits and readmissions, enhance service delivery efficiency, or increase health care workforce capacity.
How much funding is available, and what are the matching requirements?
Loans cover up to 50% of project costs (80% for rural/underserved areas), capped at $5,000,000. Matching funds of at least 50% (or 20% for rural/underserved areas) are required and must be verified with financial documents.
What is needed for the application?
Applications require AHCA license verification, financial statements, IRS Form 4506-T, and a detailed project plan outlining the innovation, budget, and program alignment.
How are applications reviewed?
Applications are screened for eligibility, evaluated by the Health Care Optimization Council, reviewed for financial feasibility, and approved by the Department of Health. Applicants may present to the Council.
What reporting is required after receiving a loan?
Recipients must submit periodic financial and operational reports, including outcome data on patient care, cost reductions, or workforce development, to ensure compliance and track impact.