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This week, the U.S. Small Business Administration (SBA) unveiled a now simpler application and process for Paycheck Protection Program (PPP) loan forgiveness, especially for loans that were less than $50,000. This new streamlined process makes it easier for both the business that received the loan, as well as the lender that issued it. The SBA and the U.S. Treasury Department continue to look at ways to make this process easier but still prevent fraud and/or misuse...

Providers who applied for and received advanced payments from CMS will now have 1 year to pay back those loans, instead of the 3 months they initially were given to do so. In late March of this year, and as a result of the COVID-19 pandemic, The Centers for Medicare & Medicaid Services (CMS) revised their already existing Accelerated and Advance Payment Program (AAP). This was one of many programs designed to minimize the financial burden that healthcare providers are currently faced with in the...

As we announced last week, HHS has opened up the portal for providers to apply for Phase 3 of the HHS Provider Relief Fund (PRF). Since that initial announcement, HHS has released a few additional details, but there are still some questions that remain unanswered. HHS is hosting a webinar on October 15th  at 3:00 p.m. Eastern Time. If you register for the webinar, there is a place where you can enter any question(s) that you would like to have answered during the webinar. We encourage you...

On Friday, October 2, 2020,  Alex M. Azar II, Secretary of Health and Human Services, renewed the Public Health Emergency (PHE) that went into effect on January 27, 2020 nationwide. This extension will be effective October 23, 2020. Click here to see the official renewal.

What does this mean for you?

On April 29, 2020, the Centers for Medicare & Medicaid Services (CMS) updated its guidance regarding several emergency waivers related to Medicare and Medicaid policy and...

The U.S. Department of Health and Human Services (HHS), has announced an additional $20 billion in funding that is being made available to providers on the frontlines of the coronavirus pandemic. This 3rd Phase of the General Distribution is available to healthcare providers, even if they have already received Provider Relief Fund payments through Phase 1 or Phase 2 of the HHS Provider Relief Fund’s General Distribution. Providers can begin applying for funds on October 5, and will have...

HHS has provided additional clarification around the deadline for providers to complete their application for Phase 2 of the Provider Relief Fund. The deadline for providers to have submitted their applications for Phase 2 of the HHS provider relief fund, whether they were applying as a Medicare provider or as a Medicaid/CHIP provider, was September 13. The first step of that process required a provider to get their Tax ID Number (TIN) validated, a process that could take a few days. The previous...

In April of this year, many providers received HHS Provider Relief Fund payments from CMS (via United Healthcare). These funds were sent or deposited in their accounts automatically, without any request or application required. This automatic payment was considered Round 1 of the $50B General Distribution, and came from an initial $30B pool of funds. Those providers who received those initial automatic payments were then eligible to apply for additional funding from the remaining $20B of the $50B...

The deadline to apply for the HHS Provider Relief Fund for Medicaid/CHIP providers who did not receive any relief payments during the Medicare-based General Distribution has been extended until August 28th. Providers who have been adversely impacted by COVID-19, meet all of the other eligibility requirements, and can agree to the terms and conditions associated with the program are encouraged to apply for this relief fund.

HHS created this $15B Medicaid/CHIP relief program from the Provider...

For the latest vlog from Ronda Buhrmester, click here or watch below:

For more information, click here to visit the website or click here for the article from CGS.