The REACH Healthcare Foundation was established in 2003 with proceeds from the sale of Health Midwest, a regional nonprofit healthcare organization purchased by Hospital Corporation of America. The first board of directors was appointed in 2003, marking the beginnings of the organization and its commitment to improving health care access and quality. The foundation was approved by the IRS as a 501(c)(3) charitable organization in May 2004, and the following month received nearly $100 million in initial assets. The Foundation received subsequent contributions.
Since our beginning, REACH funding has focused on three areas – oral health, mental health and primary medical safety net health care services. The foundation also invests in public policy and advocacy, and special projects, including patient-centered medical home model, integrated services, rural health and more. Our funding interests are outlined in a theory of change, which provides a framework for our grant making and other community investments.