Healthcare Providers Are Starting To See Their Share Of The Initial $30 Billion COVID-19 Payments

Published in Member Communities on April 10, 2020

This morning HHS announced that they would begin delivering the initial $30 billion in relief funding to healthcare providers in support of the national response to COVID-19 as part of the $100 billion provider relief through the CARES Act. 

VGM started receiving calls, texts, and emails this morning from members about money being deposited into their bank accounts. 

“We are extremely relieved, and this money props us for the next couple of months,” says Paula Vineyard with Elana Health and Loop Medical. “Most people think that since we are in healthcare we are busy, but in all actuality, business is down because referral sources are not operating as business as usual.”

Paula Vineyard is a Respiratory Therapist and has been in business for 20 years, has 25 employees, and two business in Charleston, West Virginia – Elana Health and Loop Medical. The Elana Health location is primarily oxygen and has a large sleep apnea program along with all other DME. Elana Health is also a hospice provider and has a VA contract. Loop Medical has a fittings department for mastectomy, lymphedema, and diabetic footwear. They also do oxygen, home medical, and have urinary incontinence dropship program. 

“We are pretty excited. This could not come at a better time,” says Vineyard. “We have incurred a lot of additional expenses over the past few months because of supply and demand driving costs up.”

Vineyard received an email this morning stating:

Dear valued provider:

Thank you for your tireless efforts during this critical time. President Trump is providing support to healthcare providers fighting the COVID-19 pandemic. The President signed the bipartisan CARES legislation that provides $100 billion in relief funds to hospitals and other healthcare providers on the front lines of the coronavirus response. Recognizing the importance of delivering funds in a fast and transparent manner, the Department of Health and Human Services (HHS) is distributing $30 billion of the relief funds immediately. These are payments to healthcare providers, not loans, and will not need to be repaid.

Shortly after receiving the email, they had the deposit in their account. Elana Health and Loop Medical are fortunate in that they have not had to lay off any employees and have been able to attain the necessary PPE for their team. They have also qualified for the Payment Protection Program. 

Payments to healthcare providers is based on Medicare fee for service reimbursements in 2019. Providers are directed to a website and have to sign an attestation confirming receipt of the funds the week of April 13 via the website hhs.gov/providerrelief.


comments powered by Disqus

From Our Experts

The Importance of Diversity, Equity, and Inclusion in Your Business thumbnail The Importance of Diversity, Equity, and Inclusion in Your Business If there's anything 2020 taught us as an industry, it's that adapting to a changing marketplace is no longer optional. Keeping up can mean the difference between growing your business and simply staying afloat. If you have not begun prioritizing diversity, equity, and inclusion (DEI) in your business, now is the time to start. Read more on what it means, why it matters and small steps business owners can take. Using Net Promoter Score to Measure Customer Satisfaction thumbnail Using Net Promoter Score to Measure Customer Satisfaction Your company can probably survive without a customer satisfaction metric, but should it? And if you did want to measure customer satisfaction, where would you start? Stephanie Hookham explains how VGM uses NPS as a tool to gauge customer satisfaction. Telehealth in Complex Rehab: Part 3 thumbnail Telehealth in Complex Rehab: Part 3 In today's episode of Industry Matters President of U.S. Rehab, Greg Packer, and Vice President of Rehabilitation Program Development at HOMELINK, Kyle Walker, wrap up a 3-part podcast series on the importance telehealth has played, and will continue to play in the complex rehab industry. Register for the OPGA Members-Only Portal! thumbnail Register for the OPGA Members-Only Portal! As a member, you have exclusive access to the OPGA members-only portal. With one single login, you get access to all resources and materials available to members. OPGA Announces Website Redesign thumbnail OPGA Announces Website Redesign Refreshed and enhanced for a more user-friendly experience, this updated site makes it easier for members to find the information they're looking for. VGM Wound Care and Permobil Discuss the Importance of Seated Posture thumbnail VGM Wound Care and Permobil Discuss the Importance of Seated Posture In this episode of industry matters Director of Wound Care, Heather Trumm, talks with Stacey Mullis, Director of Clinical Marketing at Permobil, where “Every person has the right to have his or her disability compensated as far as possible by aids with the same technical standard as those we all use in our daily lives.” Heather and Stacy are going to dive right into dive into something that is often overlooked, and that is seated posture in wound care. Key Marketing Priorities for HME Providers in 2021 thumbnail Key Marketing Priorities for HME Providers in 2021 Now that 2020 is officially in the rearview mirror, it's time to get strategic in 2021 with resources, priorities, and investments. From a marketing perspective, healthcare delivery models have undoubtedly changed. Lindy Tentinger discusses key marketing priorities that can help your company achieve its business goals and set it up for continued success. CRT Telehealth Update from NCART thumbnail CRT Telehealth Update from NCART NCART and the CRT Remote Services Consortium announced their continued efforts to secure a permanent telehealth option for people with disabilities who require complex rehab technology (CRT).