Posted in: Articles, COVID-19, Federal, Healthcare

HHS Updates Provider Relief Reporting Guidance for Lost Revenues

On October 22, 2020, the Department of Health and Human Services (HHS) issued a policy memo revising its guidance for reporting on Provider Relief Funds received by healthcare providers over the previous six months.  In response to concerns voiced by various provider associations and members of Congress, HHS updated its guidance on lost revenues attributable […]

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Posted in: Articles, COVID-19, Federal

Simplified PPP Forgiveness Application for Loans of $50,000 or less

The Treasury and U.S. Small Business Administration (SBA) released a new, simplified application this week, for Paycheck Protection Program (PPP) borrowers who took loans of $50,000 or less. A new interim final rule (IFR) provides guidance concerning forgiveness and loan review processes for PPP loans of $50,000 or less. Under the IFR, PPP borrowers of […]

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Posted in: Articles, COVID-19, Federal, Healthcare

Phase 3 Provider Relief Fund Application Process

On October 1, 2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced $20 billion in new funding for providers on the frontlines of the coronavirus pandemic. This HW&Co. article has the basic details of the Phase 3 General Distribution. Providers will have from October 5, […]

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Posted in: Articles, COVID-19, Federal

SBA Issues Guidance on PPP Loans and Change of Ownership

During any economic downturn, companies may be looking to merge or sell their businesses. There have been questions about how a merger or sale would affect outstanding Paycheck Protection Program (PPP) loans. The SBA released new guidance outlining the necessary procedures when there is change in ownership of an entity that has received PPP funds. […]

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Posted in: Articles, COVID-19, Federal, Healthcare

$20 Billion Phase 3 Provider Relief Funding Announced

On October 1, 2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced $20 billion in new funding for providers on the frontlines of the coronavirus pandemic.  Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund payments will be invited […]

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