COVID Funding

COVID Funding

HHS Relief Fund Reporting Update

HHS Relief Fund Reporting Update: 5 FAQs Help You Keep Your Money

You suspected that the government money you accepted from the HHS Emergency Relief Fund came with strings attached but you may not have realized how hard grasping the details would be. Your practice could be one of the many new ones that has mandatory reporting requirements based on a new HHS August notification. Find out […]
PPP Loan Application

PPP Loan Forgiveness Application: 3 Tips Help You Keep More Money

QUESTION: Our practice received payroll protection program (PPP) funds and now we need to fill out the PPP Loan Forgiveness Application. We are confused about what information we need for the forms. How do we determine whether we should follow the 8- or 24-week covered period?   PPP Loan Application. Question from White Plains, NY Subscriber […]
HHS Relief Fund Reporting original

HHS: Protect Your Relief Funds by Satisfying New Reporting Rule

You can breathe a temporary sigh of relief on your struggle to nail down the ambiguities for your July 10 HHS relief fund reporting. HHS recently released new guidance giving you some extra time and details on the requirements you need to meet. When the Department of Health and Human Services (HHS) swiftly distributed millions […]
HHS Reporting Requirements Original

HHS Requirements: Stop Loss of Provider Relief Funds

QUESTION: Our practice received two emergency relief fund distributions from HHS. We are pleased for the help, but worried we are not complying with the related rules. What are the specific usage and reporting requirements for these funds so we can correctly comply? Question from Dayton, Ohio Subscriber   ANSWER: You are not alone if […]
PPP Loan Forgiveness Guidelines

SBA PPP FAQS: Proven Tactics to Get Max Loan Forgiveness

Whether you’ve already received your funds from the Small Business Association’s (SBA) Paycheck Protection Program (PPP), or you’re still waiting for approval, there are several important rules you must know about. Comply, and your entire loan could be forgiven. Fail to comply, and you could end up on the hook for repaying some—or all—of that […]

Unlock CARES Funding: HHS Broadly Defines COVID-19 Patient Care

QUESTION: We are interested in applying for loans from the CARES Act. While researching the options, we read that the funds are restricted to practices that are providing care for patients with COVID-19. We are an orthopedic practice and caring for patients who may have COVID-19. However, we are not testing patients for the virus. […]
COVID-19 financial lifelines

Rescue Your Practice, Master COVID-19 Financial Assistance

Although COVID-19 has been a significant burden on your practice, the Coronavirus Aid, Relief, and Economic Security (CARES) Act offers financial lifelines to help you keep running until things get back to normal. Here’s a quick rundown on some of the key advanced payments and small business loans, and funding options available to your practice: […]