Skip to main content

Search GO

VGM & ASSOCIATESHealthcare MSO LEARN ABOUT VGM

Update: The CARES Act Provider Relief Fund

Published in Member Communities on April 14, 2020

As most DMEPOS suppliers are now aware, the Department of Health and Human Services has begun the distribution of $30 billion in funds from the $100 billion Public Health and Social Services Emergency Fund established by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

Commencing last Friday, all health facilities that billed Medicare in 2019 will receive a grant from the Fund. Each TIN will receive approximately 6.2% of its 2019 Medicare fee-for-service payments (not including Medicare Advantage). For example, a provider or supplier that received $1 million in Medicare payments in 2019 will receive a relief payment of approximately $62,000.

This payment will not need to be repaid. Payments will be made automatically, without the need to file an application. Many provider/suppliers accounts were paid April 10, with the goal being no later than this week.

Click here to read more.

comments powered by Disqus

From Our Experts

VGM Calls for Heartland Conference Speakers thumbnail

VGM Calls for Heartland Conference Speakers VGM is now accepting proposals from prospective speakers for its annual Heartland Conference.

SoClean Launches Device to Disinfect Phones, Keys, Household Items thumbnail

SoClean Launches Device to Disinfect Phones, Keys, Household Items SoClean recently launched Device Disinfector, which allows for multiple small household items to be disinfected in 10 minutes. Using activated oxygen, it kills up to 99.9% of bacteria and viruses.

6 Ways to Make CPAP Repair Less Painful thumbnail

6 Ways to Make CPAP Repair Less Painful In this episode, we visit with Ronda Buhrmester, Sr. Director of Payer Relations & Reimbursement for VGM & Associates, and Dan Meyer, Chief Revenue Officer for Repair Authority, about providers' most pressing questions about CPAP repair and how Repair Authority has the solutions providers are looking for.

Jurisdictions B and C: Claim Payment Alert 151 MUE Incorrect Processing thumbnail

Jurisdictions B and C: Claim Payment Alert 151 MUE Incorrect Processing CGS Administrators recently sent out a news alert for Jurisdictions B and C. They aware of a claim payment issue in which some claims may have applied Medically Unlikely Edit (MUE) values incorrectly on the dates September 23, 2020 and September 24, 2020 only. Claims may have paid or denied in error as a result. CGS is correcting this issue and has indicated that it is a number 1 priority with them. For more information, watch Ronda's vlog.

HME - Past, Present & Future: State of the Industry/Benchmarking Update thumbnail

HME - Past, Present & Future: State of the Industry/Benchmarking Update I was honored to recently present at the 2020 HME News Business Summit, which was held Sept. 15-17, and, due to COVID-19, in a first-time “virtual” format. My session included a series of data, trends and analysis as to the state of the industry from 2010 to the present, and included financial and operational highlights from supplier submissions applicable to their 2019 results. Here is a summary of the presentation.

Helping Your Employees Rebuild and Find Happiness thumbnail

Helping Your Employees Rebuild and Find Happiness Every employee has a different set of circumstances coming at them, especially so far in 2020. While taking care of our employees, we still have businesses to run. To be successful, the best leaders will start with their employees. How do you help your employees to rebuild themselves and also find happiness?

DMEPOS Warriors: Michael Tracey with Aspirus At Home Medical Equipment thumbnail

DMEPOS Warriors: Michael Tracey with Aspirus At Home Medical Equipment VGM & Associates always enjoys highlighting our members who are a shining example of excellence in DME. The current business environment can be difficult to navigate and generating revenue can sometimes be a challenge. However, Michael Tracey shares with us how he helped lead Aspirus At Home Medical Equipment to success and provides tips for how Aspirus generates revenue.

10 Ways to Keep Your Employees Engaged During a Pandemic thumbnail

10 Ways to Keep Your Employees Engaged During a Pandemic In this episode, we sit down with Arienne Martinez, director of training and development for HOMELINK, a division of the VGM Group. Arienne chats with us about her recent article that was featured in the latest VGM playbook, “Protecting Your Most Important Asset: Your People,” about keeping your employees engaged during the pandemic, especially with much of the workforce working remote.

Give your business a leg-up on the competition.

Become a Member