Understanding the CARES Act
from Modern Practice Podcast Hosted by Dr. Tom Villanueva and Vizient Medical Leadership Team
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 Subscribe Today! Apple Podcasts Spotify Android Stitcher RSS Feed
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