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WEBINAR MATERIALS: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part II

6/25/2020 - By Andrew Kent, Esq., CVA, Claudia Reingruber, CPA, CHC, and Al Grimes

See below to access the webinar materials from this free webinar held on Thursday, June 25th, from 2:00-3:00 PM (CST)/3:00-4:00 PM (EST).

The U.S. Department of Health & Human Services has been tasked with distributing $175 billion to hospitals and other healthcare providers in response to the COVID-19 pandemic. A significant portion of these funds, which are grants, not loans, are being distributed to post-acute and long-term care providers. Providers have suffered lost revenues, disruptions to service delivery, and increased expenses, among other consequences – all within a matter of a few months and at a level unprecedented in recent history. While these funds were very much needed, it is important to recognize they come with strings attached in the form of terms and conditions intended to define appropriate use and protect against fraud.  

For example, each payment requires recipients to attest to specific terms and conditions, provide estimates of revenues lost in March and April of 2020, upload tax return data, and comply with future reporting requirements, many of which have yet to be fully defined. Are you prepared to properly track, report, and comply with the terms and conditions accompanying these funds?  

Our webinar, presented by the Saltmarsh Healthcare leadership team of Andrew Kent, Esq., CVA, Claudia Reingruber, CPA, CHC, and Al Grimes, will focus on key aspects, including:

  • Permitted uses of CARES Act Provider Relief Funds, including estimating lost revenues
  • What we know about future reporting requirements
  • Ramifications of the most recent guidance from DHHS

Access Webinar Materials

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