Independence Care System
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|
Website |
wwwicsny.org |
Sector Group |
Health Care and Sciences |
Fund Relationship |
Jeffrey Krauss (Psilos Group) |
Description |
As the health care and home care industries consolidate in response to cost controls and competitive pressures, small home care providers and the most needy populations are in danger of being left behind. To address both issues, a nonprofit organization named Independence Care System was established to provide managed health and home care to severely disabled, low income patients. In order to meet New York State standards to open their business, however, ICS came to the Investment Fund for financial assistance with reserves and working capital. The Fund has provided both a "soft" loan and business assistance to the organization. ICS has enrolled over 1,100 members and created over 1,500 home health care aid and administrative positions. The sponsor of ICS is the South Bronx Home Care Cooperative, a provider of home attendant services that is owned by more than 400 workers – most of them women who were former welfare recipients. |