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Past Event

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Tue., Oct. 6, 2020

The Financing of Rural Health

Audiences: Business Leaders, Community Advocates, Community Investors, Policymakers

Welcome to the Richmond Fed’s inaugural Investing in Rural America Week, a three-day sharing of digital content that will give you insight and information on Historically Black Colleges and Universities, rural health care and agriculture, in particular in the Federal Reserve Fifth District.

Over the next three days, you can visit this page to learn more about the unique challenges and opportunities faced by communities in rural areas of Virginia, Maryland, North Carolina, South Carolina and parts of West Virginia — issues that likely reflect rural communities nationwide in some ways, allowing for the sharing of information, ideas and resources that you’ll discover on this page.

  • October 5: Historically Black Colleges and Universities in the Rural South
  • October 6: Innovative Rural Health Funding Strategies
  • October 7: The State of Agriculture in the Fifth District and Beyond (content co-sponsored by the Federal Reserve Bank of Kansas City)

The most recent information will be featured at the top of the page throughout the week. Thank you for joining us for this experience! If you find it helpful, invite your colleagues and others to visit this page as well.

Innovative Rural Health Funding Strategies

The COVID-19 pandemic has challenged the health care infrastructure and highlighted disparities in health and health care access across the country. Rural communities, which are disproportionately impacted by hospital closures, health care workforce shortages, and social and economic barriers to health and health care access, will face unique challenges to economic recovery.

Stakeholders, policymakers, local organizations have developed promising rural-specific initiatives, but financial and implementation challenges remain. What will health care delivery look like in rural communities after the pandemic? How can rural hospitals remain financially viable and adequately serve their communities? What innovative public-private partnerships and cross-sector collaborations can address barriers to improving health outcomes in rural communities? How should rural communities and health care facilities leverage existing assets to improve health outcomes and financial stability?

We’re getting answers to these questions on Day 2 of the Richmond Fed’s Rural America Week.

Panel Discussion:  Innovation in Health

Video is temporarily unavailable.

“Understanding the challenges and opportunities of the less prosperous parts of the Fifth District is a key part of fulfilling our mandate, and in our District much of those areas are rural small towns. Though our nation is in the midst of an unprecedented crisis, we’ve shown throughout history that unprecedented change can turn into opportunities. And so this is an opportunity for these parts of our District to rewrite their endings.” - Richmond Fed President Tom Barkin


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