Legislative and Regulatory Update | Coronavirus

Accounting for CARES Act Program: Loans, Advance Payments and Other Types of COVID-19 Relief

Legislative and Regulatory Update | Coronavirus

Accounting for CARES Act Program: Loans, Advance Payments and Other Types of COVID-19 Relief

The COVID-19 pandemic and resulting economic consequences have spurred an unprecedented public health response from health entities as well as government stimulus and relief efforts, including the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), signed into law on March 27, 2020. These circumstances and responses have created a number of accounting and financial reporting questions for healthcare providers and other healthcare entities. This HFMA resource provides accounting and financial reporting guidance related to COVID-19 relief under the CARES Program and was developed by Brian Conner, a partner at Moss Adams and former chair and member of HFMA's Principles and Practices Board.

 

 

Advertisements

Related Articles | Coronavirus

News | Coronavirus

HHS postpones deadline for hospitals to comply with Provider Relief Fund reporting requirements

With new legislation having modified the rules governing the reporting of Provider Relief Fund payments, HHS has indefinitely postponed the Feb. 15 reporting deadline.

News | Managed Care

Healthcare News of Note: Payers push back on CMS prior-authorization rule

Healthcare News of Note for healthcare finance professionals is a roundup of articles from the past week, including why payers are pushing back on the prior-authorization rule and information on HHS funding to support the nation's response to the COVID-19 pandemic.

News | Price Transparency

Appeals court rejects hospitals’ objections to new price transparency policy

An appeals court panel rejected hospitals’ effort to halt the Jan. 1 requirement for hospitals to begin posting the rates they negotiate with health plans.

News | Price Transparency

Hospitals seek reversals of Trump policies, among various requests of Biden

Hospitals are urging a range of policy changes, including halting the new price transparency rules, by the incoming Biden administration.