Understanding the CARES Act

Health care organizations are feeling the huge impact of COVID-19 on a number of fronts. In particular, the impact on the financial front has been onerous and extensive. In response, Congress has passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, the largest stimulus bill in history with various loan and grant opportunities to support hospitals.

On this episode, an expert will provide an update on leading provisions of the CARES Act and what this act can do for health care organizations during this crisis.

 

Guest speaker:

Shoshana Krilow, JD

Vice President

Public Policy and Government Relations

Vizient

Moderator:

Tomas Villanueva, DO, MBA, FACPE, SFHM

Associate Vice President

Clinical Resources

Vizient

 

Show Notes:

[02:00] Explanation of the CARES Act

[03:13] Clinicians included in package

[03:45] Support for health care organizations

[06:55] Immediate goal: to start distribution to providers

[07:40] Start of distribution based on Medicare FFS claims

[09:50] Loans available

[11:00] Medicare Accelerated and Advanced Payments Program

[11:33] Provider relief fund coverage

[16:05] Advocating for assistance

[17:31] Additional package

[18:00] Additional benefits, changes and ramifications of CARES Act

 

Links | Resources

Summary of CARES Act: Click here

Fact Sheet: Accelerated and Advanced Payment Program: Click here

Responding to COVID-19: Using the CARES Act’s Hospital Fund to Help the Uninsured, Achieve Other Goals (Health Affairs): Click here

CARES Act Provider Relief Fund (HHS): Click here

 

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