PYA Principals David McMillan and Martie Ross are quoted in a new article published in HealthLeaders. “$100 Billion-Plus in CARES Act for Healthcare: 3 Ways to Get It” outlines three provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that healthcare providers should analyze immediately for direct financial impact—the Paycheck Protection Program, Medicare Advance Payments, and the Public Health and Social Services Emergency Fund.
“‘The sooner your team can come up with a reliable calculation of the loss you are experiencing because of declining electives or lower ER volume, the better. Also be prepared to quantify any additional expenses incurred due to the pandemic. You will want to have these numbers ready to plug into whatever formula they provide,’ Ross says.”
Read the full article here.
For those needing additional direction on tapping into the funds afforded under the CARE Act, view our on-demand webinar.
For other insights related to COVID-19, visit our COVID-19 hub.
If you would like assistance with any guidance related to revenue cycle during COVID-19, applying for “Paycheck Protection Program Loans,” filing for Public Health and Social Services Emergency Fund reimbursement, or applying for Centers for Medicare & Medicaid Services advance payments, contact one of our PYA executives below at (800) 270-9629.