Avenues of Relief for Florida Hospitals



Avenues of Relief for Florida Hospitals

4.24.2020 : Avenues of Relief for Florida Hospitals

An experienced panel from BDO and HARDEN provided fast updates and easy-to-reference resources for health systems and hospitals related to financial relief.  As there are multiple avenues to pursue financial relief for expenses and lost revenue attributable to COVID-19 (and the postponement of non-essential elective surgeries), the intent of this webinar was to provide a digestible overview of the main funding programs with clear guidance on how to take action on each:  CARES Act Funding, CMS Medicare Advanced Accelerated Payments, FEMA Grants, Tax Relief Packages, and Insurance Claims Recovery.  With FEMA as the source of last resort, it is important for organizations to understand all options available to assist healthcare providers navigate this financial roller coaster.  An important component of this discussion was the accounting for each funding program and documentation of the use of funds per guidelines of each program.

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