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COVID-19 Funding Sources for Hospitals

Posted on by CATALYSIS

The following is intended to be a resource to hospitals and health systems regarding pertinent funding included in federal COVID Legislation, and from other sources as appropriate. As additional information becomes available this list and the attached tables will be updated. These funding sources may include certain restrictions, interest, and requirements. We recommend that anyone using this document consult your CPA firms for additional information and specific guidance.

Programs Available to All Eligible Employers
1. Payroll Tax Delay
2. Paycheck Protection Program/SBA Loans
3. Economic Injury Disaster Loan (EIDL) and Economic Injury Grants
4. Employee Retention Program
5. Other Business Loans through the Federal Reserve

Programs Specific to Health Care Providers
1. Accelerated Medicare Payment Program
2. The $100 billion Fund” – Funding from the Public Health and Social Services
Emergency Fund
3. DRG Add-On for Inpatient Medicare Services
4. Medicare Sequester Extension
5. Extension of the Work Geographic Index Floor
6. HRSA Funding for Rural and Critical Access Hospitals
7. State Hospital Association Grants to Hospitals
8. Telehealth Networking Grant
9. Distance Learning and Telemedicine Grant
10. COVID Telehealth Grant
11. Medicaid DSH Reduction Delay

Other Funding Possibilities
1. CDC Funding
2. FEMA Grant Funding

 

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