During the COVID-19 crisis, cash flow has been anything but typical for medical providers. CARES Act relief payments brought in large unexpected amounts of cash, while significant lost revenues from the early impact of the pandemic are just hitting revenue cycles now. As a medical provider, it is highly likely that you experienced both extremes. If so, it is more important than ever to plan carefully how you are using and managing your organization’s dollars.
Medical providers and healthcare organizations that received advanced Medicare payments in response to volume interruptions caused by the COVID-19 shutdown will begin to repay those amounts.
The Grassi Healthcare Advisors Distance Learning Program for Skilled Nursing Facility Leaders is committed to providing you with timely and helpful information to assist you with your day-to-day role and challenges. This program consists of live webinars, educational programs and recorded presentations, many of which are approved by NAB for nursing home administrator continuing education credits.
When will the Telemedicine genie be put back in the bottle?
Preparing for a Return to Pre-Covid-19 Regulations
One of the most impactful tools that healthcare providers were given to maintain continuity of care through the social distancing of COVID-19 was the relaxing of restrictions on telehealth services. Preparation will be key to ensure that providers are still well-positioned to take advantage of this opportunity once pre-pandemic regulations return.
If your healthcare practice or organization received and kept COVID-19 federal relief funds totaling more than $10,000, you are required to submit a report to HHS by the end of the year.