News & Analysis as of

Terms and Conditions CARES Act

Bass, Berry & Sims PLC

Payment Due: HRSA Seeks Repayment of Provider Relief Funds for Non-Compliance

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The Health Resources and Services Administration (HRSA) is seeking repayment of Provider Relief Fund (PRF) payments from providers who failed to submit the required report(s) on their use of the funds. Recipients were...more

BakerHostetler

[Podcast] The CARES Act Provider Relief Fund: A Moving Target

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Partner Jessica Captain Novick shares insights on the CARES Act Provider Relief Fund and what providers need to know for the requirements for general distribution funds, the relevant terms and conditions, reporting...more

Lowenstein Sandler LLP

In The Know: The Lowenstein Insurance Recovery Group’s Tip Of The Month

As corporate policyholders prepare for another round of directors’ and officers’ (D&O) insurance renewals in a COVID-19 environment, a hardened D&O market, and a difficult economic climate, here are five tips to consider:.....more

Fox Rothschild LLP

HHS Issues ‘Last Call’ For Provider Relief Funds – Apply By Nov. 6 For Share Of $20 Billion Distribution

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An additional $20 billion in “Provider Relief Funds” is being made available pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) Act through a “Phase 3” General Distribution. However, time is running out...more

Foley Hoag LLP

Frequently Asked Questions: CARES Act Phase 3 Provider Relief Fund General Distribution

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On October, 1, 2020, the U.S. Department of Health and Human Services (HHS) announced the availability of an additional $20 billion in relief funding for providers – including specifically for behavioral health providers and...more

Manatt, Phelps & Phillips, LLP

HHS Releases CARES Act Provider Relief Fund Reporting Guidance: Answers Some Questions, Raises More

On Saturday, September 19, the Department of Health & Human Services (HHS) released long-awaited guidance on annual reporting requirements for providers that receive payments from the Provider Relief Fund (PRF). The PRF was...more

Butler Snow LLP

So Much for the Afterglow?

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In August of 2005, and for months afterwards, the attention of the country was sympathetically focused on the devastation caused by Hurricane Katrina.Though slow to respond, once the great machinery of government was awakened...more

Jackson Walker

CARES Act Update – Overview of Expanded Main Street Lending Program

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The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more

Lowenstein Sandler LLP

Paycheck Protection Program (PPP) Information Sheet: Nonprofit Borrowers

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The following information has been adapted from the Small Business Administration’s (SBA) Paycheck Protection Program Borrower Information Fact Sheet to provide information tailored for nonprofits. This document is for...more

Butler Snow LLP

UPDATE: Deadline for Attestation Extended from 30 to 45 Days – Healthcare Providers Must Comply with Various Terms and Conditions...

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The CARES Act, which was signed into law on March 27, earmarks $100 billion for “health care related expenses or lost revenues that are attributable” to the COVID-19 pandemic. Legislatively titled the “Public Health and...more

Health Care Compliance Association (HCCA)

With Its Vague Terms, Relief Fund Has Compliance Risks; 'Look from Several Angles'

Report on Medicare Compliance 29, no. 16 (April 27, 2020) - Because of the coronavirus, the talents of a business development executive at a hospital are wasted, and the chief financial officer (CFO) is wondering whether...more

Butler Snow LLP

Federal Reserve Releases Revised Term Sheet for Municipal Liquidity Facility

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On April 27, 2020, the Federal Reserve Board released a revised term sheet (the “Term Sheet”) for the Municipal Liquidity Facility (the “Facility”) established in connection with the Coronavirus Aid, Relief, and Economic...more

Goodwin

Update: U.S. Health and Human Services Clarifies Broad Eligibility of Provider for Payments Under $30 Billion CARES Act Healthcare...

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As discussed in Goodwin’s prior Client Alert, on April 10, 2020, the U.S. Department of Health and Human Services (HHS) began disbursing $30 billion to Medicare providers and suppliers under the Public Health and Social...more

Husch Blackwell LLP

COVID-19 Hospice How-To Series: $30 Billion in Relief Funds Made Available, but Strings are Attached!

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On Friday, April 10, the U.S. Department of Health and Human Services began disbursing $30 billion in relief funds directly to Medicare providers, including hospices. The use of those funds, however, is subject to a number of...more

DirectEmployers Association

Section 3610 of the CARES Act Provides Potential Additional Relief for Qualified Federal Contractors

In addition to the various loan programs available to private businesses through the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), qualified Federal contractors may obtain further payroll relief under...more

McDermott Will & Emery

CARES Act Mid-Sized Loan Program Overview

The Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act provides $454 billion in support of Federal Reserve emergency lending facilities and directs the US Department of the Treasury to implement a Federal Reserve...more

Akin Gump Strauss Hauer & Feld LLP

CARES Act Summary – Title IV—Economic Stabilization and Assistance to Severely Distressed Sectors of the U.S. Economy

The law provides $500 billion to Treasury’s Exchange Stabilization Fund to provide liquidity to eligible businesses, states and municipalities related to losses incurred as a result of coronavirus by providing loans, loan...more

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