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Rural Health Information Hub

Rural Hospitals – Funding & Opportunities

For additional funding options, please see RHIhub's Online Library: Funding & Opportunities

Rural Economic Development Loan and Grant Program (REDL and REDG)
Loans and grants to assist in the economic development of rural areas, including funds for healthcare facilities and equipment, telecommunications networks, and job creation projects.
Geographic coverage: Nationwide
Application Deadline: Dec 31, 2022
Sponsors: U.S. Department of Agriculture, USDA Rural Development
Rural Health Network Development Planning Program
Grants to promote the planning and development of integrated rural healthcare networks in order to achieve efficiencies; expand access to, coordinate, and improve the quality of essential healthcare services; and strengthen the rural healthcare system as a whole.
Geographic coverage: Nationwide and U.S. territories
Application Deadline: Jan 6, 2023
Sponsors: Federal Office of Rural Health Policy, Health Resources and Services Administration, U.S. Department of Health and Human Services
New Markets Tax Credit (NMTC) Program
Tax incentives for investments in business and economic development projects in distressed rural and urban counties, including capital investments in healthcare facilities. Investors give to Community Development Entities who then offer low-interest financing to businesses; in return for their investment, investors receive a tax credit against their federal income tax.
Geographic coverage: Nationwide
Application Deadline: Jan 26, 2023
Sponsors: Community Development Financial Institutions Fund, U.S. Department of Treasury
Rural Health Care Program – Healthcare Connect Fund
Provides assistance to healthcare providers for eligible expenses related to broadband connectivity at a flat discounted rate of 65%. Participants can apply as a member of a consortium or a stand-alone entity.
Geographic coverage: Nationwide
Application Deadline: Apr 1, 2023
Sponsors: Federal Communications Commission, Universal Service Administrative Company
HUD Section 242: Hospital Mortgage Insurance Program
Loan and mortgage insurance program to help acute care hospital facilities with remodeling, expansion, modernization, equipment, refinancing, and acquisition. Small, rural Critical Access Hospitals are eligible to apply.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsors: Federal Housing Administration, U.S. Department of Housing and Urban Development
Primary Care Development Corporation Financing and Technical Assistance
Primary Care Development Corporation is a Community Development Financial Institution that provides loan products, training, resources, and technical assistance/business development services for healthcare providers in under-resourced communities with the goal of transforming and expanding primary care. Rural providers are encouraged to apply.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsor: Primary Care Development Corporation
SBA 7(a) Guaranteed Loans
Loan guarantees to financial institutions that provide loans to small businesses (including small healthcare practices) for working capital, equipment purchase, real estate purchase, building construction/renovation, business acquisition, and debt refinancing.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsor: Small Business Administration
Carolyn Boone Lewis Equity of Care Awards Inactive
Honorary awards that recognize hospitals and health systems that have made exceptional efforts to advance equity of care to all patients and spread lessons learned and progress toward diversity, inclusion, and health equity.
Geographic coverage: Nationwide
Application Deadline: Nov 18, 2022
Sponsors: American Hospital Association, Institute for Diversity and Health Equity
American Hospital Association Dick Davidson NOVA Awards Inactive
Awards that recognize innovative hospital/health system collaborations working to improve community health status.
Geographic coverage: Nationwide
Application Deadline: Nov 16, 2022
Sponsor: American Hospital Association
Small Rural Hospital Improvement Program (SHIP) Inactive
Provides funding to small rural hospitals, through their State Office of Rural Health, to help them do any or all of the following: purchase equipment or training to attain value-based payment and care goals; join Medicare Shared Savings Program or become an accountable care organization; and purchase health information technology, equipment, or training.
Geographic coverage: Nationwide
Application Deadline: Nov 8, 2022
Sponsors: Federal Office of Rural Health Policy, Health Resources and Services Administration, U.S. Department of Health and Human Services

Last Updated: 11/21/2022