Accounting for CARES Act Program: Loans, Advance Payments and Other Types of COVID-19 Relief

The COVID-19 pandemic and resulting economic consequences have spurred an unprecedented public health response from health entities as well as government stimulus and relief efforts, including the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), signed into law on March 27, 2020. These circumstances and responses have created a number of accounting and financial reporting questions for healthcare providers and other healthcare entities. This HFMA resource provides accounting and financial reporting guidance related to COVID-19 relief under the CARES Program and was developed by Brian Conner, a partner at Moss Adams and former chair and member of HFMA’s Principles and Practices Board.