VGM & ASSOCIATESHealthcare MSO

COVID-19 3.5 Emergency Relief Passes The House

Published in Member Communities on April 23, 2020

Today the House overwhemlingly passed the $484 billion agreement to deliver more pandemic aid to small businesses and hospitals, in addition to federal, state and local coronavirus testing. The President is expected to sign the bill either tonight or tomorrow.

Specifics:

  • $310 billion unrestricted for PPP
  • $60 billion in PPP set aside for smaller institutions (Banks and Credit Unions)
    • $30 billion for assets less than $10 billion
    • $30 billion for assets between $10 billion and $50 billion
  • $50 billion for EIDL loans
  • $10 billion for EIDL Advance grants
  • $2.1 billion for SBA administrative expenses

Health

$75B for hospitals (same language as PHSSEF from CARES)

$25B for testing ($11B of this will be distributed to states, rest will go to CDC, BARDA, FQHC, NIH, NCI (they are doing the serology work) and others for research, development, and deployment of testing.

This is great news for DMEPOS suppliers as it means additional funding availabilities. We’ve heard from many of you that have not received a PPP funding from you bank. If you haven’t received any PPP dollars yet, it is recommended that you reach out to your credit union or bank this week to ensure you are first in line to receive these dollars. 

Get Connected

Stay up-to-date on the latest resources and news provided by VGM & Associates.

Sign Up for Email

From Our Experts

The Importance of CRT: From the Perspective of Ali Ingersoll, Ms. Wheelchair America 2023 thumbnail The Importance of CRT: From the Perspective of Ali Ingersoll, Ms. Wheelchair America 2023 In a guest article written by Ali Ingersoll, Ms. Wheelchair America 2023, longtime U.S. Rehab member Stalls Medical is highlighted as for their trustwortihness in Ali's journey to finding the wheelchair that best suits her. A Letter From the President, Adam Miller: January 2023 thumbnail A Letter From the President, Adam Miller: January 2023 As we look ahead to the new year, I wanted to share a few of my top priorities for OPGA this year. VGM & Associates Releases Latest Playbook on Forecasting 2023 thumbnail VGM & Associates Releases Latest Playbook on Forecasting 2023 VGM & Associates has released the first playbook of the year, “VGM Playbook: Forecasting 2023.” Podcast Series Pt. 3: Billing Claims, HCPCS Codes, and Modifiers thumbnail Podcast Series Pt. 3: Billing Claims, HCPCS Codes, and Modifiers In today's episode, Ronda Buhrmester, Sr. Director of Payer Relations and Reimbursement for VGM Government Relations, and Mandi Joyner, Sr. Director of Marketing, talk about billing the claim, HCPC codes, modifiers, and avoiding some audits. The State of O&P: Current and Future Research Initiatives thumbnail The State of O&P: Current and Future Research Initiatives As practitioners continue to provide evidence to the value of prescribing and providing O&P to patients, practitioners continue to further scientific research New Year's Update on the Medicare Orthotics and Prosthetic Patient-Centered Care Act thumbnail New Year's Update on the Medicare Orthotics and Prosthetic Patient-Centered Care Act Now that 2023 has started, it is time to rethink and revise the Medicare Orthotics and Prosthetic Patient-Centered Care Act. Sadly, it was not included in the Omnibus package at the end of 2022; however, over this past year there was a lot of progress shown on improving the bill. The State of O&P: Government Regulation Issues, Concerns, and Associations and Organizations thumbnail The State of O&P: Government Regulation Issues, Concerns, and Associations and Organizations The operations of O&P practices are subject to a variety of federal, state, and local governmental regulations. Failure to comply with applicable governmental regulations may result in significant penalties, including exclusion from the Medicare and Medicaid programs. Podcast Series Pt. 2: Medical Records, Delivery, and Ongoing Need thumbnail Podcast Series Pt. 2: Medical Records, Delivery, and Ongoing Need In this second episode of a new series, we talk about medical records, delivery, and ongoing need, including drop-shipping and remote setups.

Give your business an advantage over the competition.

Become a Member