CARES Act Provider Relief Payments: Are there strings attached to “no strings attached” money?
The U.S. Department of Health & Human Services (HHS) is rolling out payments and advances to healthcare providers to assist them with covering their costs and obtaining necessary resources related to the COVID-19 pandemic. The programs include the Accelerated and Advanced Payment Program (AAPD), which is an advance or loan against future billings; the Provider Relief Fund (PRF), which are outright grants that will not have to be repaid; plus possible future relief payments to some providers that HHS is still working on.
The programs are moving fast, payments are already being made, but they come with some conditions and complexity. There are also important deadlines that providers will have to meet in the next couple of weeks, as well as some ongoing accounting and reporting requirements.
Join us for a webinar on April 22 to learn the latest on how healthcare providers can obtain these funds, and what they have to do in order to qualify and stay eligible.
For more info on the PRF program, see our alerts at [link to the 2 alerts]. For more information and resources on all COVID-19 related legislation, programs, and orders from both federal and state authorities, see the Butzel Long Coronavirus Resource Center.
Please direct inquiries to Jonathan Spencer at firstname.lastname@example.org.