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HHS Announces $4.9 Billion Distribution to Nursing Facilities Impacted by COVID-19

On May 22, CMS announced it has begun distributing billions in relief funds to skilled nursing facilities to combat COVID-19.  This funding is to help nursing homes to address critical needs such as labor, scaling up their testing capacity, PPE and other expenses directly related to the pandemic.

Distribution Methodology:

  • Each nursing home will receive $50,000 plus $2,500 per bed
  • All SNF’s with six or more certified beds are eligible for this distribution
  • Nursing homes must attest that they will only use provider Relief Fund payments for permissible purposes
  • Providers need to take action by June 3, 2020
  • Visit the U.S. Department of Health & Human Services site for CARES Act Provider Relief Fund for additional information.

If you have further questions, please contact one of our team members.

Join us for the Construction Summit!

You’re Invited Join us virtually for the 2nd Annual Construction Industry Summit on Thursday, October 21 from 9:00 AM – Noon.  Sessions to look forward to: Keynote Speaker: Dr. Anirban Basu will supply economic analysis of the pre-pandemic and pandemic world, and also provide a forecast for the post-pandemic world. Dr. Basu is the Chairman & CEO […]

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Summary of Ways and Means Committee Proposed Tax Changes

Ways and Means Proposed Tax Increases

By: Derek Gray, CPA, Director On the morning of September 13, 2021, the House Ways and Means Committee released details of proposed tax increases totaling $2.9 trillion. The revenue raised from these increases, along with an additional $600 billion coming from dynamic growth, is intended to pay for the Democrats’ proposed $3.5 trillion budget bill. […]

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Phase 4 of PRF Funding

Phase 4 of PRF Funding

Friday afternoon HRSA announced Phase 4 of PRF funding and the $8.5B of American Rescue Plan (ARP) payments as well as the outline of how those payments will be administered. Payments between the two programs are anticipated to be $25.5B and will be made to providers who submit an application detailing lost revenues and COVID-19 […]

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