I/DD providers need cash reserves, line of credit

money-bagIf long-term care for Kansans with intellectual and developmental disabilities comes under KanCare on Jan. 1, as scheduled, organizations that provide that care had better have cash reserves built up or a bank willing to provide a line of credit. That’s the advice of organizations that have experienced billing problems and payment delays as part of the state’s privatization of Medicaid this year. William Craig, president of Lakemary Center in Paola, said that two-month payment delays earlier this year forced his organization to take out a $500,000 loan to keep the doors open, the Topeka Capital-Journal reported. “If you don’t have a banker lined up that’s going to cover you for a period of time, you’re going to go under,” Craig said. Last week Shawn Sullivan, secretary of the Kansas Department for Aging and Disability Services, outlined new safeguards to prevent some of these billing problems, but service providers remained worried.