The coronavirus pandemic of 2020 has created a seemingly paradoxical scenario for the finances of health care providers. While states were rushing to build field hospitals to prepare for a surge of COVID-19 patients, traditional revenue streams for providers completely dried up: elective procedures were suspended and social distancing protocols limited the number of patients in office settings. A public health crisis became a health care crisis, as COVID-19 revealed the faults in the way necessary and critical health care services are paid for in America.
Recent COVID-19 Stimulus Legislation and Guidance: Opportunities and Considerations for States
Manatt Health, Georgetown’s Center on Health Insurance Reforms and GMMB
On Friday, May 1 State Health and Value Strategies hosted a webinar during which experts from Manatt Health and Georgetown University’s Center on Health Insurance Reforms summarized recent federal legislation related to COVID-19 and distilled key takeaways from recent federal guidance. Topics included:
- Review of the recently passed stimulus bill, “Paycheck Protection Program and Health Care Enhancement Act” (also known as CARES Act 3.5)
- Deep dive of recently released guidance on the disbursement of CARES Act funding including the Provider Relief and Coronavirus Relief Funds
- Medicaid strategies for providers and considerations for states
Leaders from a handful of states discussed their own experiences and provided key insights and lessons learned.