Andrew Kohut

Sculptor Closes European CLO XI Totaling €354 million

Retrieved on: 
Tuesday, April 30, 2024

Sculptor Capital Management, Inc. (“Sculptor”) today announced the closing of a €354 million European collateralized loan obligation (CLO) transaction, Sculptor European CLO XI (Ticker: SCULE 11).

Key Points: 
  • Sculptor Capital Management, Inc. (“Sculptor”) today announced the closing of a €354 million European collateralized loan obligation (CLO) transaction, Sculptor European CLO XI (Ticker: SCULE 11).
  • This is the second CLO issued by Sculptor in 2024, following the successful closing of its $406 million US CLO XXXII (US CLO 32).
  • In addition, a portion of the equity was pre-placed with Sculptor’s recently launched captive CLO equity platform.
  • Adeel Shafiqullah, Head of European CLO Management at Sculptor, said, “We are pleased to have closed SCULE 11, which continues the expansion of our European CLO business and further demonstrates the benefits of our captive CLO equity platform to investors.

Sculptor Launches Captive CLO Equity Platform with Anchor Commitment from Rithm Capital

Retrieved on: 
Thursday, April 18, 2024

Sculptor Capital Management, Inc. (“Sculptor”) today announced the launch of Sculptor Loan Financing Partners, the firm’s captive CLO equity investment platform, anchored by a commitment from Rithm Capital Corp. (NYSE: RITM; “Rithm”).

Key Points: 
  • Sculptor Capital Management, Inc. (“Sculptor”) today announced the launch of Sculptor Loan Financing Partners, the firm’s captive CLO equity investment platform, anchored by a commitment from Rithm Capital Corp. (NYSE: RITM; “Rithm”).
  • View the full release here: https://www.businesswire.com/news/home/20240418699670/en/
    Sculptor also today announced the close of a $406 million US CLO, Sculptor CLO XXXII (“CLO 32”).
  • A controlling equity stake in CLO 32 was pre-placed to Rithm through the Sculptor Loan Financing Partners platform, with a diverse group of leading global institutions invested in the minority equity and rated notes.
  • The significant demand we received from third-party investors for CLO 32 reinforces the benefits of our decision to launch a captive CLO equity platform.”
    “We are excited to support the expansion of Sculptor’s Institutional Credit Strategies through our commitment to the firm’s CLO equity platform,” said Michael Nierenberg, Chairman, Chief Executive Officer, and President of Rithm Capital.

The Bronx Social Care Network looks to become a lead entity among New York State-funded Social Care Networks

Retrieved on: 
Thursday, April 25, 2024

BRONX, N.Y., April 25, 2024 /PRNewswire/ -- Today, The Bronx Social Care Network (BSCN), a coalition of Bronx-based federally qualified community health centers (FQHCs) partnering with more than 50 Bronx-based community-based organizations (CBOs), led by Urban Health Plan, one of the largest Community Health Center systems in New York State, announced their application to become "Lead Entity" for Region 4 (The Bronx) under New York State's Health Equity Reform initiative.

Key Points: 
  • The coalition's hyper-local focus will enable a comprehensive approach to social care screening and services, "For the Bronx, By the Bronx."
  • Funds have been made available to create and support lead Social Care Networks (SCN), entities responsible for coordinating social care service delivery in each of the state's nine regions.
  • "The Bronx Social Care Network truly formalizes these efforts and will bring stronger resources to our beloved borough.
  • We support and applaud the network's application to be the "Lead Entity" for Region 4 under New York State's Health Equity Reform initiative."

Unite Us Enables CBO Reimbursement Under Oregon's 1115 Medicaid Waiver

Retrieved on: 
Tuesday, March 26, 2024

Connect Oregon streamlines Medicaid billing for community-based organizations (CBOs) using Unite Us Payments, increasing access to vital social services for Medicaid members.

Key Points: 
  • Launched this month, the initiative will provide qualified community members with the equipment necessary for addressing challenging climate events, under the state's 1115 Waiver demonstration.
  • Unite Us' Payments will play a critical role in enabling the CCOs to streamline the community reimbursement process, build capacity for community-based providers, and expand access for Medicaid members.
  • In addition, the standardized build in Unite Us will help the CCOs with transitional care for members who move from one CCO to another."
  • Unite Us has collaborated with CCOs and health systems in Oregon since 2018 to streamline Medicaid billing for community-based organizations using Unite Us Payments, which increases access to vital social services for Medicaid members.

UniCare Health Plan of West Virginia First in the State to Earn NCQA Health Equity Accreditation Plus

Retrieved on: 
Thursday, March 21, 2024

UniCare Health Plan of West Virginia recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of UniCare’s leadership in developing solutions to enhance access equitable, high-quality healthcare.

Key Points: 
  • UniCare Health Plan of West Virginia recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of UniCare’s leadership in developing solutions to enhance access equitable, high-quality healthcare.
  • “NCQA’s Health Equity Accreditation Plus recognizes our unwavering dedication to eliminating health disparities and ensuring access to high-quality care for everyone,” said Tadd Haynes, President, UniCare Health Plan of West Virginia.
  • “This milestone positions UniCare at the forefront of advancing health equity through our innovative and impactful programs and personalized care to improve the whole health of our members.”
    NCQA Health Equity Accreditation Plus builds upon the Health Equity Accreditation designation UniCare received last year, when it was recognized among the first Medicaid plans in the nation to create a strategic framework that prioritizes health equity based on race, ethnicity, language, sexual orientation, and gender identity.
  • “Organizations earning the Health Equity Accreditation Plus like UniCare Health Plan of West Virginia are leading the way in bridging this gap, and NCQA salutes their commitment.”

UMass Memorial Health Expands Use of Get Well Platform for Social Determinants of Health (SDOH) Screening and Navigation

Retrieved on: 
Tuesday, March 12, 2024

BETHESDA, Md., March 12, 2024 /PRNewswire/ -- Get Well, the global leader in consumer digital patient engagement, today announced that UMass Memorial Health will implement Get Well's Health Equity Social Determinants of Health (SDOH) Screening Solution across the organization. As part of the Get Well 360 platform, the Get Well Health Equity SDOH Screening Solution captures patients' SDOH needs, integrates the data into Electronic Health Records (EHRs), and navigates patients to appropriate resources and community-based organizations (CBOs).

Key Points: 
  • In response, Get Well announced in 2023 the rollout of a health equity solution, which includes SDOH screening and navigation.
  • UMass Memorial Health, Central Massachusetts' largest not-for-profit health care system, will use Get Well's SDOH Screening and Navigation Solution to support care for their more than 50,000 patients in the hospital and 300,000 in outpatient care.
  • "We're incredibly excited to deepen our partnership with UMass Memorial Health," said Michael O'Neil, CEO of Get Well.
  • Get Well Community Navigators will monitor the texts for any questions or needs and connect them with resources such as FindHelp or route them to UMass Memorial Health social workers.

COPE Health Solutions and the Analytics for Risk Contracting Platform Collaborate with Findhelp to Bring Market Leading HRSN Solutions to New York

Retrieved on: 
Friday, March 8, 2024

The Findhelp and ARC solution will enable SCNs to improve quality and total cost of care outcomes by closing health equity gaps and improving care plan adherence.

Key Points: 
  • The Findhelp and ARC solution will enable SCNs to improve quality and total cost of care outcomes by closing health equity gaps and improving care plan adherence.
  • Findhelp’s platform offers unrivaled capabilities for completing Health Related Social Needs (HRSN) screening, matching the needs of the population to the right CBO solution, and facilitating closed-loop referrals to CBOs.
  • The platform also allows providers and CBOs to handle case management, claims management, and payment for HRSN services all in one place.
  • ARC’s analytics help to understand specific funding initiatives to report and compare outcomes and ROI across HRSN services and CBOs.

Anthem Blue Cross and Blue Shield, Earns NCQA Health Equity Accreditation Plus

Retrieved on: 
Tuesday, February 20, 2024

Anthem Blue Cross and Blue Shield, HP (formerly Empire Blue Cross and Blue Shield) recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of Anthem Blue Cross and Blue Shield’s leadership in developing solutions to enhance access to equitable, high-quality healthcare.

Key Points: 
  • Anthem Blue Cross and Blue Shield, HP (formerly Empire Blue Cross and Blue Shield) recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of Anthem Blue Cross and Blue Shield’s leadership in developing solutions to enhance access to equitable, high-quality healthcare.
  • “NCQA’s Health Equity Accreditation Plus recognizes our unwavering dedication to eliminating health disparities and ensuring access to high-quality care for everyone,” said Anthem Blue Cross and Blue Shield HP’s President and CEO Dr. Mark Levy.
  • “This milestone positions Anthem Blue Cross and Blue Shield, HP at the forefront of advancing health equity through our innovative and impactful programs that provide access to individualized care to improve the whole health of our members.”
    NCQA Health Equity Accreditation Plus builds upon the Health Equity Accreditation designation Anthem Blue Cross and Blue Shield, HP received last year, when it was recognized among the first Medicaid plans in the nation to create a strategic framework that prioritizes health equity based on race, ethnicity, language, sexual orientation, and gender identity.
  • “Organizations earning the Health Equity Accreditation Plus like Anthem Blue Cross and Blue Shield HP are leading the way in bridging this gap, and NCQA salutes their commitment.”
    One way Anthem Blue Cross and Blue Shield HP is advancing its health equity mission is through partnerships with organizations such as Food Bank For New York City who launched the ‘Food as Medicine’ program in 2023.

Introducing the ASIANRESOURCEHUB.ORG, a Data-Rich Exploration of Anti-Asian Hatred

Retrieved on: 
Thursday, February 29, 2024

Merisa Heu-Weller, General Manager, Technology for Fundamental Rights, Microsoft -- "By understanding and analyzing data we can provide insights for community members to better understand what is happening in the neighborhoods where they live, work and play. By working together to create The Asian Resource Hub, Microsoft, AJSOCAL and Advancing Justice - AAJC are providing communities with that clarity through a data-dashboard, supportive collateral, and a national directory to help fight against Asian incidents."

Key Points: 
  • There is a crucial need for AAPIs to find vetted, language accessible and culturally competent resources when and where help is needed.
  • The impact of hatred and discrimination is too often devastating and complex."
  • John C. Yang, President, Asian Americans Advancing Justice – AAJC commented, "There's a profound absence of quality data reflecting the hate incidents and experiences endured.
  • Liza Ameen, Asian Americans Advancing Justice Southern California, 1 213-241-0258, [email protected] , www.ajsocal.org
    Michelle Boykins, Asian Americans Advancing Justice - AAJC, 1 202-604-1760, [email protected] , advancingjustice-aajc.org

Amerigroup Georgia Earns NCQA Health Equity Accreditation Plus

Retrieved on: 
Thursday, February 8, 2024

Amerigroup Georgia recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of Amerigroup’s leadership in developing solutions to enhance access equitable, high-quality healthcare.

Key Points: 
  • Amerigroup Georgia recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of Amerigroup’s leadership in developing solutions to enhance access equitable, high-quality healthcare.
  • “NCQA’s Health Equity Accreditation Plus recognizes our unwavering dedication to eliminating health disparities and ensuring access to high-quality care for everyone,” said Mel Lindsey, President, Amerigroup Georgia.
  • “This milestone positions Amerigroup at the forefront of advancing health equity through our innovative and impactful programs and personalized care to improve the whole health of our members.”
    NCQA Health Equity Accreditation Plus builds upon the Health Equity Accreditation designation Amerigroup received last year, when it was recognized among the first Medicaid plans in the nation to create a strategic framework that prioritizes health equity based on race, ethnicity, language, sexual orientation, and gender identity.
  • “Organizations earning the Health Equity Accreditation Plus like Amerigroup Georgia are leading the way in bridging this gap, and NCQA salutes their commitment.”