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PSC Coordination Meeting Status of Venture Capital Process

Private Sector Care Coordination Meeting 24 – 25 August 2004 Status of Venture Capital Process Mr. John J. Felicio 703 681-4258/john.felicio@tma.osd.mil TMA RM (FAO) Skyline 5, Suite 470 Falls Church, VA. PSC Coordination Meeting Status of Venture Capital Process. Outline Purpose Guidance

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PSC Coordination Meeting Status of Venture Capital Process

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  1. Private Sector Care Coordination Meeting 24 – 25 August 2004Status of Venture Capital ProcessMr. John J. Felicio 703 681-4258/john.felicio@tma.osd.milTMA RM (FAO)Skyline 5, Suite 470Falls Church, VA

  2. PSC Coordination MeetingStatus of Venture Capital Process Outline • Purpose • Guidance • Optimization Project Process • MHS Governance Plan • Proposed Venture Capital Funding • Conceptual Procedures • Application/Monitoring Process • Return On Investment (ROI) Tool • Future Development/Timelines • Questions

  3. PSC Coordination MeetingStatus of Venture Capital Process Purpose: Provide information regarding the development, use, and proposed procedures for the TRO’s Venture Capital funds

  4. PSC Coordination MeetingStatus of Venture Capital Process Guidance • Optimization Project Objective • Congressional Intent – “… better utilization of direct care military medical treatment facilities must be a principal component of the Department’s future plans to control the explosive cost growth in the Defense Health Program”1 • MHS Governance Plan • “Funding of regional initiatives to optimize … delivery of health care through dedicated resources and a disciplined and open business case planning/approval process. • Opportunities for investment capital can be initiated by the Regional Director, a single MTF Commander or by a Senior Market Manager ….” Note 1 – 107th Congress, 1st Session, House of Representatives, Report 107-148, Making Supplemental Appropriations for the Fiscal Year Ending September 30, 2001, and for other purposes

  5. PSC Coordination MeetingStatus of Venture Capital Process • Proposed Venture Capital Funding • FY06 POM Submission • $30M for Venture Capital Funding • $10M per CONUS TRO

  6. PSC Coordination MeetingStatus of Venture Capital Process • Venture Capital (VC) Conceptual Procedures • Scope of VC initiatives similar to Self-Financing Optimization Projects • Self-Financing in 3 years … no finance tail • The MMSO/MTF Business Plans serves as the vehicle for MMSOs or MTFs to submit VC initiatives. • Service approval of VC initiatives submissions is based on approval of their respective MMSO/MTF Business plans • VC submissions standardized to the extent possible. • TROs evaluate VC Initiatives and approve those with the greatest likelihood of attaining ROI/optimizing DC system. • TROs notify TMA (RM) to transfer funding to respective MMSO/MTF so approved VC initiatives can commence • TROs periodically monitor VC initiative progress. • Funding terminated for VC initiatives failing to meet ROI.

  7. PSC Coordination MeetingStatus of Venture Capital Process • Venture Capital Conceptual Procedures • Return On Investment (ROI) Tool • Assessing ROI Tool Altarum developed for TMA (RM) to evaluate Population Health Mgt. (PHM) initiatives • Key Components of tool • Ease of use • Appropriate constraints in tool to improve “apples to apples” comparison of VC initiatives. e.g. use standard inflation factors to calculate net present value • Maximum use of central data bases to populate ROI tool and perform periodic monitoring of VC initiative progress.

  8. PSC Coordination MeetingStatus of Venture Capital Process • Proposed Future Development/Timelines • September 04 • Work with TROs in finalizing draft Venture Capital (VC) Procedures • Determine applicability of PHM ROI tool to meet VC initiative requirements. • 1st Qtr, FY05 • Submit draft VC procedures to TMA Senior Leadership and RMSC for review/approval • Finalize VC ROI tool • 2nd Qtr, FY05 • Publish implementing guidance on VC procedures • Distribute ROI Tool

  9. PSC Coordination MeetingStatus of Venture Capital Process QUESTIONS?

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