WEBINAR MATERIALS: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part III
8/27/2020
Webinar held Thursday, August 27, 2020.
A national Public Health Emergency due to COVID-19 was declared effective January 27, 2020, and has been subsequently extended for two additional 90-day periods, through October 23, 2020. As a result of the CARES Act legislation, the Department of Health & Human Services (DHHS), has been tasked with distributing $175 billion to hospitals and other healthcare providers to help prepare for and adapt to the unprecedented operational and financial challenges our industry has faced in diagnosing, testing, and caring for individuals with possible or actual of COVID-19.
As a result of the pandemic, providers have suffered lost revenues, disruptions to service delivery, staffing challenges, and overall increased expenses, among other consequences – all within a matter of a few months and at a level unprecedented in recent history. While there is no question these grants were critical in maintaining the availability of needed healthcare services, it is important to recognize the funds came 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 and to maintain ongoing documentation to support proper fund use. In addition, acceptance of these grants mandates specific auditing and/or reporting obligations.
Are you prepared to properly track, report, and comply with the terms and conditions accompanying these funds?
Our webinar presented by the Saltmarsh Healthcare team leadership of Andrew Kent, Esq., CVA, Claudia Reingruber, CPA, CHC, and Al Grimes will focus on the rules and guidance related to the CARES Act fund distribution, which have undergone near continuous updating and modification since these relief funds began to be distributed. Topics will include:
- Permitted uses of CARES Act Provider Relief Funds, and related documentation concerns
- Recently published auditing and reporting requirements associated with the funds
- Updates of recent initiatives by DHHS and CMS designed to suppress the spread of COVID-19 and address the challenges faced by healthcare providers.
Related Posts
- Are there State Tax Liabilities for Employers if Employees Work from Home?
- Webinar Materials: Rethinking Financial Reporting - Nonprofit Strategy
- Webinar Materials: New Mortgage Servicing Rules
- Cryptocurrency - It's Time to Acknowledge the Elephant in the Room
- WEBINAR MATERIALS: PRF Reporting Update for Healthcare
- What's New with the Employee Retention Credit: An Overview
- White Paper: Manufacturing Outlook, Lean Thinking to Reduce Costs
- Higher Education in the U.S. - Rising Costs, Enrollment Challenges and the Need for Innovative Solutions
- WEBINAR MATERIALS: Current Update on CARES Act PRF Reporting Instructions & Recent FAQs
- 2021 State & Local Tax Year-End Issues to Consider Now
- The Sky Is Not Falling... Yet
- Cares Act vs American Rescue Plan Act Funding
- GovCon Updates of the Week Part 10
- Covid-19 Implications For Presumptive Laws And Workers' Compensation
- Asset Liability Management Modeling in a COVID-19 World
- Maximizing Value and Minimizing Risk in Your Managed Care Contract Portfolio
- The Excess Liquidity Puzzle
- Finding Flexibility Amid COVID-19: How Nonprofits Can Scale for Success
- White House Unveils Plan to Help American Families Funded by Tax Increases on Wealthy
- Tech Leaders Worldwide Have Optimistic Outlook For 2021
- White Paper: Manufacturing Outlook, Help Wanted
- Employer Tax Credit for Vaccine-Related Sick Leave
- GovCon Updates of the Week Part 5
- IRS Issues Guidance for Claiming Employee Retention Credit in 2021
- Five Metrics Your Construction Company Should Start Tracking Today
- View All Articles
