Keep Your Practice Open Using CARES Funds

Getting your piece of the $2.2 trillion CARES Act financial assistance package has been a nightmare.

Once Congress opened the flood gates to the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) funds, it was supposed to be a simple process. As an “Eligible Health Care Provider,” you were simply supposed to submit an application including your Tax ID and a “statement justifying the need for the payment,” and the money would be yours.

But, remember, getting money from the government is never easy.

This doesn’t mean that it’s not possible. During this 60-minute online training session, healthcare attorneys Daphne Kackloudis and Ashley Watson will show you how to cut through the mass confusion of accessing CARES Act funds available to practices, and how you can be clear on what you are agreeing to when you sign on the dotted line.

Here are just a few of the questions you’ll get answered by attending this practice-specific CARES Act online training:

• What are allowable reimbursable expenses for Eligible Health Care Providers?
• How do we access funding designated for telehealth use?
• Is the Paycheck Protection Program (PPP) worth it for small practices?
• Can part-time employees be considered when calculating PPP funding amounts?
• Can we apply for both PPP and Eligible Health Care Provider funds?
• What portion of funds from the PPP don’t have to be repaid?
• What is our financial obligation if an employee quits after we have received PPP funding?
• Can we also be considered for an Emergency Economic Injury Disaster Loan (EIDL)?
• How can I access Medicare Accelerated and Advanced Payments to hold me over?
• How can I get my forgivable $10,000 3-day immediate grant?
• Is my practice also eligible for the Employee Retention Tax Credit?
• Should I consider taking advantage of an employer payroll tax deferral?
• Can I use my 401K funds to keep my practice running without penalties?
• How long can our providers defer their student loan debt?
• Will building mortgage interest be forgiven during the outbreak?
• And so much more…

Even if you’ve already submitted an application for CARES Act funding, this online training is a must-attend for your physician practice – regardless of its size, specialty or location. You may be eligible for additional financial assistance. Find out specifically how to access it by registering for this online training.

This online training will break down the complexities of the CARES Act as it applies to your healthcare practice. You’ll get easy-to-understand, actionable strategies that your practice can use to get approved for the funding you need, and what pitfalls exist that could cause you problems down the road.

Sign up for this online CARES Act training today to ensure your healthcare practice receives all of the financial assistance it qualifies for to ensure your survival during the COVID-19 pandemic. Don’t wait, register today.

UPDATE: Beginning on April 26, 2020, CMS will not be accepting any new applications for the Advance Payment Program, and CMS will be reevaluating all pending and new applications for Accelerated Payments in light of historical direct payments made available through HHS’s Provider Relief Fund. Significant additional funding will continue to be available to hospitals and other healthcare providers through other programs.