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.

Chad Mulvany, FHFMA August 25, 2020

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.

Chad Mulvany, FHFMA August 17, 2020

More independent physician practices likely to seek partners in the coming months due to financial issues caused by COVID-19

HFMA's Chad Mulvany says given the limited days cash on hand independent physician practices report having, it is likely practices will start seeking partners in the coming months, if they haven’t already.

Chad Mulvany, FHFMA August 14, 2020

Critical access hospitals will avoid Medicare cuts stemming from Paycheck Protection Program loans, Verma says

CMS does not intend for PPP loans to factor into Medicare payments to rural providers, the agency’s administrator recently clarified.

Rich Daly August 14, 2020

White House appeals for hospitals and health systems to use official COVID-19 portal daily to track PPE needs

HFMA's Todd Nelson says the shortage of personal protective equipment is not going to get better if hospitals and health systems don’t do their part to provide PPE use and shortage data on the U.S. Healthcare COVID-19 portal.

Todd Nelson, FHFMA August 13, 2020

Fewer cancer diagnoses in first weeks of the pandemic imply increased spending on cancer treatment in the future

HFMA's Chad Mulvany says good actuarial support is more important than ever for providers considering entering into risk-based models in response to the pandemic.

Chad Mulvany, FHFMA August 11, 2020

McKinsey & Company survey: Physician perceptions of COVID-19 risk influence referral patterns

HFMA's Chad Mulvany says these McKinsey findings illustrate the importance of involving physicians in the development and execution of checklists used to safely reopen clinics and restart non-emergent procedures.

Chad Mulvany, FHFMA August 6, 2020

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.

Chad Mulvany, FHFMA August 6, 2020

Healthcare executives can take steps to combat the continued shortage of PPE for staff

HFMA's Todd Nelson says shortages of PPE and other challenges faced by organizations during the pandemic call for increased collaboration, communication and creativity by hospital and health system leaders.

Todd Nelson, FHFMA August 5, 2020

Everything you wanted to know about the CARES Act Provider Relief Funds but HHS wouldn’t answer until July 23

HHS made an important distinction when it clarified that while general distribution funds can be reallocated to providers under common corporate ownership, targeted distributions must remain with the provider who received them.

Chad Mulvany, FHFMA July 28, 2020
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