Updated reporting requirements for the CARES Act Provider Relief Fund: What providers need to know
New HHS guidance on reporting obligations for CARES Act Provider Relief Fund recipients could prove troublesome for providers that are caught off guard by the changes.
4 crucial health system responses to the revenue impact of COVID-19
The nation's hospitals and health systems have a critical need to begin preparing now for the long-term financial impacts of the COVID-19 pandemic.
How leading health system CFOs are staying agile on the road to recovery
Making strategic decisions in the current environment is difficult, but CFOs are leading their organizations by creating a more performance-based culture and adopting an agile financial planning approach.
HHS announces Phase 3 CARES Act Provider Relief Funding
The U.S. Department of Health and Human Services will accept applications for Phase 3 General Distributions of provider relief funds Oct. 5 – Nov. 6.
What’s new in the CARES Act Provider Relief Fund FAQs as of Aug. 17
HHS failed Aug. 17 to release guidance providers need to file reports for lost revenue and increased expenses amid COVID-19; HFMA will continue to monitor its website.
CARES Act Provider Relief Fund FAQs undergo another update as of August 14
HFMA's Chad Mulvany recommends healthcare leaders who think their organizations qualify for Phase 2 General Distributions review the FAQs.
U.S. Department of Health & Human Services updates CARES Act Provider Relief Fund FAQs as of July 30
HHS says the CARES Act Provider Relief Funds need to be used by July 31, 2021, but Chad Mulvany says operationally, funds likely need to be spent by June 30, 2021, so providers can capture expenses and lost revenue in reports due to HHS July 31.
HHS provides additional updates on CARES Act Provider Relief Fund FAQs
HFMA's Chad Mulvany expects to share regular updates and provide insight to CARES Act Provider Relief Fund FAQs via the HFMA blog for the foreseeable future.
Building a healthcare finance center of excellence: a view from the C-suite
Finance centers of excellence are not necessarily physical locations but rather a collection of the right people, tools and practices to help organizations achieve better financial performance.
Survey: Hospitals overspending on corporate services could reduce costs without impacting quality
Important learnings from a November 2019 HFMA-conducted survey about corporate services spending patterns and how organizations could be more efficient and effective with their spend.