Everything you wanted to know about the CARES Act PRF but HHS was afraid to answer through July 16
HFMA's Chad Mulvany says taxing for-profit providers’ PRF funding seems counterproductive, counterintuitive and counter to Congress’s intention, and could particularly hurt independent physician practices.
Accounting for CARES Act Program: Loans, Advance Payments and Other Types of COVID-19 Relief
This HFMA resource provides accounting and financial reporting guidance related to COVID-19 relief under the CARES Program
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.
COVID-19 impact on independent primary care physician practices could accelerate the shift to value based payment
Health plans are taking this opportunity to align more closely with independent PCPs, including BCBS of North Carolina, where practices’ acceptance of financial support requires them to join one of health plan’s existing ACOs.
HHS’s Cares Act Provider Relief Act FAQ updates provide additional guidance for healthcare providers
HFMA's Chad Mulvany reviews four updates from the U.S. Department of Health & Human Services, including quarterly reporting requirements, that could be of interest to HFMA members.
Impact of the COVID-19 pandemic impact could cause more hospitals to breach debt covenants
If Congress does not take action to prevent financial penalties for already financially distressed hospitals, another financial hit could be the final blow for many healthcare organizations already feeling the financial impact of the pandemic.
The COVID-19 pandemic’s disruption of primary care could affect access to care as modeling through June shows a potential loss of 60,000 PCPs
Continued parity from CMS in telehealth payments and more support from private insurers could help revive, support and strengthen primary care, which has been particularly challenged by the COVID-19 pandemic.
Asset impairment issues for hospitals to consider in the wake of COVID-19
For health systems, the decline in financial performance due to COVID-19 creates a triggering event for interim or annual impairment testing of certain assets on the balance sheet.
Delayed care will have a butterfly effect on the Medicare Advantage rate setting
HFMA’s Chad Mulvany says healthcare providers can take specific actions to reengage with patients who are postponing and/or avoiding healthcare for fear of being exposed to COVID-19.
ACHP survey: Many consumers are not comfortable going to the hospital during COVID-19
The ACHP survey on consumer behavior during COVID-19 provides insight into the challenges organizations will face as they attempt to engage healthcare consumers in non-emergent services.