The latest COVID-19 stimulus bill, the American Rescue Plan of 2021 (the “Act”), enacted on March 11, 2021, provides $1.9 trillion in funding for various COVID-19 relief measures. However, while the Act includes many funding provisions, including those funding direct assistance to lower-income individuals and families, expanding “Obamacare” insurance subsidies and availability, increasing federal medical
Three Health Care Investment Trends That We Are Currently Following
The COVID-19 pandemic has had well-documented transformative effects on the delivery of health care. Investors, providers, payors and other stakeholders have often been at the forefront of the industry shifts in the trailing twelve-month period. We have set forth below three investment trends that may be particularly compelling.
Best Practices for CARES Act and PPPHCEA Compliance
Health care providers’ receipt of Coronavirus Aid, Relief, and Economic Security Act and Paycheck Protection Program and Health Care Enhancement Act funds creates significant areas of potential liability for providers as these programs continue to change and evolve. As an accompaniment to our full in-depth guide, this is an overview of tips that providers can
A Guide to Compliance Considerations for Health Care Providers
CARES Act, Payroll Protection, and Medicare Advance Payment Programs
This document was last updated on July 20, 2020 to reflect changes made by the Department of Health and Human Services to its existing guidance.
In response to widespread cash flow issues resulting from the COVID-19 public health emergency, Congress enacted two key pieces of legislation:
Temporary COVID-19 Medicare/Medicaid Changes: Updates in the Second Interim Final Rule
On April 30, 2020, the Centers for Medicare & Medicaid Services (“CMS”) issued its Second Interim Final Rule in response to the COVID-19 pandemic, which includes additional regulatory waivers and rule changes. After reviewing comments to its First Interim Final Rule published on April 6, 2020, CMS is now attempting to provide even more flexibility
Supplementing the CARES Act: The PPPHCEA and HHS Clarifications to the Provider Relief Fund
Less than a month after passing the $2.0 trillion Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act”), Congress has passed and the President has signed a second round of aid (the Paycheck Protection Program and Health Care Enhancement Act, the “PPPHCEA”) that stakeholders in the health care industry can use to
CMS Issues Broad Stark Waiver Related to COVID-19
In yet another example of coronavirus-related regulatory dispensation, on March 30, 2020, CMS announced that it will waive penalties for violations of the Stark Law in regard to compensation relationships between physicians and entities, such as hospitals, to which they refer if “solely related to” the Covid-19 pandemic. In particular, the waiver applies, among other
Health Care Provider Relief Under the CARES Act: Supporting Those on the Front Lines of the Fight Against COVID-19
An update to this alert can be found here.
As hospitals, health systems and other health care providers across the country struggle to address the ongoing COVID-19 epidemic, Congress provided some much needed financial relief for the health care industry as part of the $2.0 trillion Coronavirus Aid, Relief, and Economic Security Act of 2020