Business Resources and Loan Opportunities
CARES Act Provider Relief
The bipartisan CARES Act provides $100 billion in relief funds to hospitals and other health care providers. Beginning April 10, 2020, $30 billion was distributed with payments arriving via direct deposit. All facilities and providers that received Medicare fee-for-service reimbursements in 2019 are eligible for this initial distribution. The CARES Act provider relief funds are payments, not loans, to health care providers, and will not need to be repaid.
Distribution of the remaining $20 billion of the general distribution to providers began on April 24. A portion of providers will automatically be sent an advance payment based off the revenue data they submit in CMS cost reports. Providers without adequate cost report data on file were required to submit their revenue information. The deadline to submit cost report data was June 3.
Medicaid & CHIP provider relief
: On June 9, HHS announced that $15 million in relief funding will be made available to Medicaid and CHIP providers. Find out more about eligibility requirements and how to submit revenue information in order to receive relief payments here
Get details on the relief funding at hhs.gov/providerrelief
AMA Update on CARES Act Relief Funding
: On June 26, the AMA reported an issue with the drafting of the CARES Act bill that, if left unaddressed, could mean that entities who received relief funds would be required to pay taxes on those funds. The AMA has joined other organizations in asking Congress to correct this error. Find out more in this AMA article
Pennsylvania Guidance on Business Reopening
PAMED offers guidance for practices in the process of reopening. View our Best Practices for Reopening a Medical Practice
Business Resources & Loan Opportunities
OSHA Guidance for Businesses
The U.S. Occupational Safety and Health Administration (OSHA) offers guidance on how to maintain operations in a pandemic. View OSHA Guidance.
NORCAL Group COVID-19 Resources for Businesses
NORCAL group, which includes NORCAL mutual insurance company, offers practical resources for health care professionals and business on topics like:
- Human resources
- Physician, staff, and health care operations
Get details at www.norcal-group.com/pandemic.