The American Rescue Plan Act addresses a plethora of issues and industries, from vaccinations and testing to schools and airlines. It also provides much needed relief for the beleaguered restaurant industry through Restaurant Revitalization Grants.
The American Rescue Plan expands eligibility for Paycheck Protection Program loans to several types of organizations, including labor unions and agricultural organizations, and adds $7.5 billion in funding for those entities. Qualifying organizations must act quickly as the application deadline is March 31, 2021.
On January 5, 2021, CMS revised the filing deadline for the following cost reporting fiscal year ends for all provider types. Our team has put together a short list of the extended deadlines for your reference.
Breaking News: Earlier today (January 8, 2021), the U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced the Paycheck Protection Program (PPP) will re-open to eligible borrowers next week.
Lenders are being required by SBA to send Loan Necessity Questionnaires to borrowers with Paycheck Protection Program (PPP) loans of $2 million or more. There are also questions surrounding a second round of PPP loans.
Recipients of provider relief funds agreed to Terms & Conditions, which require compliance with reporting requirements as specified by the Secretary of Health and Human Services in program instructions. Our team of healthcare experts break down some of the requirements here!
As if payment reform wasn't enough, a pandemic came along to add to the challenges of managing revenue in the post-acute industry. Even though COVID-19 has demanded the attention of long term care providers everywhere, make sure you make managing payer contracts and examining your charge master a priority!
Managing a health system's overall revenue cycle performance is an extremely complex task, especially during a pandemic. Does your organizations leadership have confidence in your revenue cycle management during these uncertain times?
With hundreds of questions under our belt, we think we know the Top Ten issues currently irritating borrowers about Paycheck Protection Program (PPP) loans and their forgiveness. Here are our thoughts on the Top Ten.
Updated: 05/21/2020 An in-depth breakdown of COVID-19 pandemic relief package accounting considerations customized for higher education institutions.