What healthcare stakeholders should know about the new COVID-19 relief legislation
New COVID-19 relief legislation includes funding for rural hospitals, provisions to increase the affordability of health insurance and more items of note for healthcare providers.
Wall Street is upbeat about the financial outlook for hospitals coming out of the COVID-19 pandemic, but many challenges remain
While Wall Street thinks hospitals have a good chance to stabilize their finances in the coming year, a report issued by the American Hospital Association says the adverse effects of the pandemic will continue to be felt.
With insolvency looming for the Medicare Hospital Insurance Trust Fund, provider payments could be impacted
The Medicare Hospital Insurance Trust Fund, used to pay for Part A hospital care, is on track to become insolvent as soon as 2024. Insolvency could lead to delays in payments to providers and adversely affect patient access.
GAO report highlights the far-reaching impact of rural hospital closures
A new government report highlights the impact of rural hospital closures on communities.
HHS postpones deadline for hospitals to comply with Provider Relief Fund reporting requirements
With new legislation having modified the rules governing the reporting of Provider Relief Fund payments, HHS has indefinitely postponed the Feb. 15 reporting deadline.
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. 27
On Aug. 27, HHS updated who should attest to the terms and conditions when a parent organization receives a targeted distribution payment for a subsidiary.
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.