Legislative and Regulatory Update | Coronavirus

Accounting for CARES Act Program: Loans, Advance Payments and Other Types of COVID-19 Relief

Legislative and Regulatory Update | Coronavirus

Accounting for CARES Act Program: Loans, Advance Payments and Other Types of COVID-19 Relief

The COVID-19 pandemic and resulting economic consequences have spurred an unprecedented public health response from health entities as well as government stimulus and relief efforts, including the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), signed into law on March 27, 2020. These circumstances and responses have created a number of accounting and financial reporting questions for healthcare providers and other healthcare entities. This HFMA resource provides accounting and financial reporting guidance related to COVID-19 relief under the CARES Program and was developed by Brian Conner, a partner at Moss Adams and former chair and member of HFMA's Principles and Practices Board.

 

 

Sign up for a free guest account and get access to five free articles every month.

Advertisements

Related Articles | Coronavirus

News | Coronavirus

The COVID-19 vaccine mandate for healthcare workers can take effect nationwide, Supreme Court says

The court lifted injunctions that had halted implementation of the COVID-19 vaccine mandate in half the country, leaving hospitals and other affected providers with likely only a few weeks to begin complying.

News | Labor Cost Management

Healthcare labor update: Employment data and research findings underscore ongoing challenges

As highlighted in new employment data and new studies, the healthcare labor market continues to constrain hospitals.

Blog | Healthcare Business Trends

Hospital margins increased in November, but labor expenses remained a drag on finances

A skewed labor market continued to affect hospital finances in November even as operating margins improved from October.

News | Coronavirus

CMS now says hospitals in half the country must abide by the COVID-19 vaccine mandate starting in late January

The status of the COVID-19 vaccine mandate for healthcare workers took another twist, with CMS stating it will look to enforce the mandate within a month in 25 states and Washington, D.C.