Change Healthcare Publishes CARES Act Advisory Resource for Providers
03 April 2020 - 9:42PM
Business Wire
Provides vital, time-sensitive information and
step-by-step guidance on actions providers need to take immediately
to secure small business loans through Paycheck Protection Program
(PPP), and for accelerated Medicare reimbursement during the
COVID-19 emergency
Change Healthcare (Nasdaq: CHNG) today launched a CARES Act
Advisory resource hub to help providers seeking access to emergency
federal funding made available through the Coronavirus Aid, Relief,
and Economic Security (CARES) Act. The site contains informational
resources and step-by-step guidance to help providers apply for
forgivable small business loans under the Paycheck Protection
Program (PPP) section of the CARES Act, as well as accelerated
Medicare reimbursement.
Included in the $2 trillion CARES stimulus plan passed on March
27 is $349 billion in small business support through PPP, which
providers can apply for through their bank or SBA lending
institution beginning Friday, April 3, 2020. Additionally, CMS
expanded its Accelerated and Advance Payment Program to a broader
group of Medicare providers to help them address disruptive shifts
in economic models caused by the COVID-19 pandemic. The expansion
of this program is only for the duration of this public health
emergency, and to receive payment, providers must submit a request
to the appropriate Medicare Administrative Contractor (MAC) and
meet the required qualifications.
In addition to detailed advice and guidance for qualifying for
accelerated Medicare payments through the CARES Act, the new CARES
Act Advisory resource includes information on how Change Healthcare
can help providers manage revenue stability now. The page features
an on-demand webinar produced by EY, a global leader in assurance,
tax, transaction, and advisory services, that describes actions
healthcare providers can take during the COVID-19 crisis. Change
Healthcare is offering providers short- and long-term solutions
that can optimize revenue cycle operations and financial
performance, as well as create an effective action plan to solve
for revenue recovery after the crisis.
“We’re offering this resource to help support providers in
maintaining their revenue integrity during this unprecedented time
in our industry’s history,” said Thomas Laur, EVP and president,
Technology-Enabled Services at Change Healthcare. “Our customers
have told us that they appreciate the insights we can provide as
they move quickly to take advantage of these resources, which are
available during the duration of this national health emergency.
Through this advisory service available on our website, we can help
them beyond the CARES Act itself to preserve a sound foundation and
regain financial strength after the crisis.”
The Change Healthcare CARES Act Advisory hub is available now
and will be updated as required. For more information and resources
related to the COVID-19 pandemic, visit the Change Healthcare
COVID-19 Updates and Resources hub.
For more information on Change Healthcare, please visit our
website, hear from our experts at Viewpoints; Follow us on Twitter;
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us on Libsyn, Apple Podcasts, Google Podcasts, and YouTube.
About Change Healthcare
Change Healthcare (Nasdaq: CHNG) is a leading independent
healthcare technology company that provides data and
analytics-driven solutions to improve clinical, financial and
patient engagement outcomes in the U.S. healthcare system. We are a
key catalyst of a value-based healthcare system, accelerating the
journey toward improved lives and healthier communities. Learn more
at changehealthcare.com.
CHNG-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20200403005503/en/
Kerry Kelly Vice President External Communications Change
Healthcare 339-236-2756 kerry.kelly@changehealthcare.com
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