Key Takeaways from Cares Act Provider Relief Fund Terms and Conditions

Coronavirus Aid, Relief, and Economic Security (“CARES”) Act authorizes $100 billion in relief fund to eligible healthcare providers to respond to COVID-19, which is based on the provider’s Medicare Fee-for-Service reimbursements, as reflected on the provider’s cost reports.

CMS’s Change of Heart for the Accelerated and Advance Payment Programs

In response to the 2020 Novel Coronavirus (COVID-19) pandemic, the Centers for Medicare and Medicaid Services (“CMS”) have expanded the Accelerated and Advance Payment Program (“AAPP”) to provide emergency relief in the short-term to a broader group of eligible providers.