The U.S. Small Business Administration (SBA) issued an Interim Final Rule (the “Initial Rule”) to implement sections 1102 an 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on April 2, 2020. Subsequently, the SBA issued an additional Interim Final Rule (the “Subsequent Rule”) to supplement the Initial Rule with guidance regarding […]
The new Small Business Administration (“SBA”) program for forgivable loans to small businesses (the “Paycheck Protection Program” or “PPP”) under the CARES Act launched yesterday. There at $349 billion in funds appropriated for forgivable loans under the PPP. Businesses must obtain loans directly from private SBA lenders and one lender reported taking in over $22 […]
On March 28, 2020, the Centers for Medicare & Medicaid Services (CMS) announced that it is expanding its Accelerated and Advance Payment Program for healthcare providers and suppliers participating in Medicare. CMS is expanding the program to ensure that all Medicare-participating providers and suppliers have the resources necessary to combat COVID-19. Accelerated and/or advance payments […]
As a broad overview, a sub-provision of the CARES Act governs “middle market” businesses, those between 500 and 10,000 employees. The Federal Reserve will specifically set up a funding program to banks and other lenders who will then make direct loans to such mid-market companies. These loans will carry preferential rates, no more than 2% […]
The U.S. Small Business Administration (“SBA”) has just issued a new Interim Final Rule related to the Paycheck Protection Program (“PPP”) under the recently-adopted Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”): https://home.treasury.gov/system/files/136/PPP–IFRN%20FINAL.pdf The PPP provides for SBA-backed loans to small businesses, which have under 500 employees or are otherwise defined as small business concerns. […]
The Centers for Medicare and Medicaid Services (CMS) has issued a Frequently Asked Questions (FAQs) Sheet responding to eight (8) FAQs regarding provider burden relief for COVID-19. Below is an overview of the FAQs Sheet issued by CMS. Is CMS suspending most Medicare Fee-For-Service (FFS) medical review during the Public Health emergency (PHE) period for […]
Michigan Governor, Gretchen Whitmer, has announced new programs to expand unemployment benefits for workers affected by the COVID-19 pandemic. Pursuant to an agreement signed by Governor Whitmer with the U.S. Department of Labor under the CARES Act, new Pandemic Unemployment Assistance and Compensation programs are being implemented to expand unemployment benefits in Michigan. Expansion of […]
On March 29, 2020, Michigan Governor Whitmer signed Executive Order (EO) 2020-30 relaxing the scope of practice laws to give hospitals and other health-care facilities the flexibility needed to successfully deploy qualified physician assistants, nurses and other health care providers to treat COVID-19 patients and help slow the spread of the virus. The order also […]
On March 25, 2020, Michigan Governor, Gretchen Whitmer, issued Executive Order (EO) 2020-25. Among other things, the EO permits pharmacists to dispense emergency refills of prescriptions for up to a 60-day quantity and requires insurers to cover the emergency refills during the ongoing COVID-19 pandemic. By issuing this EO, Governor Whitmer seeks to aid seniors […]
On March 30, 2020, the Department of Health and Human Services Office of Inspector General (OIG) issued a message acknowledging the burden that the COVID-19 pandemic has imposed on the healthcare industry nationwide. Due to the challenges of the pandemic and OIG’s high priority of ensuring the health care community is able to provide much […]
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