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.
5 factors that will make the next recession different from 2008
Hospitals came through the Great Recession relatively unscathed, but a future recession would likely pose much more severe challenges. It therefore would be prudent for hospitals to act now to protect themselves against future market distress.
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.
Will the CARES Act actually reduce hospital financial stresses?
The COVID-19 crisis raises important questions for the U.S., including how it should prepare for the inevitable occurence of other potential serious pandemics in the future.
4 steps to help healthcare organizations plan for operating in a post-COVID-19 environment
To survive the current COVID-19 crisis and to thrive in the uncertain future that follows, healthcare organizations must take steps to prepare for and meet the full range of risks presented by the pandemic.
Coronavirus leaves hospital financing in flux
Hospital’s long-term financing efforts have been disrupted by the coronavirus driving investors away from such offerings, say advisers.
HHS Secretary Azar urges healthcare providers to watch for patients who have traveled to China
As part of efforts to prevent the spread of the novel coronavirus, the Trump administration recommends that providers screen feverish patients for recent travel to China.