On Thursday, the Biden administration proposed a $100 million investment in the healthcare business by financing state initiatives targeted at recruiting and keeping workers in neglected regions, The Hill reported.
The Health and Human Services Department stated that the $100 million investment from the American Rescue Plan would be used to assist the National Health Service Corps State Loan Repayment Program (SLRP), which generates funding to states with services to help bump up healthcare professionals working in regions where there is a recognized health care scarcity.
HHS stated that it would provide a maximum of 50 awards of up to $1 million each per year for a period of four years, adding that this was a five-fold growth over prior SLRP financing.
In its statement, HHS also stated that state-run initiatives acquiring financial support would not be required to disclose how much money they would be able to match. Grantees will also be permitted to allocate a maximum of 10% of the funds donated to them for administrative expenditures.
State programs wishing to apply for federal funding have a deadline until April 8, 2022, to submit their applications, and the grants will be distributed in September of that year.
The statement came as the Bureau of Labor Statistics reported that the healthcare business shed around 17,500 jobs in September. Hospitals and nursing and residential care institutions both lost 38,000 jobs, while ambulatory healthcare services gained 28,000 jobs.