The aid deal, which the Senate approved April 21 and the House passed April 23, includes $310 billion for the Paycheck Protection Program for small businesses. Within that pool, $60 billion is set aside for medium, small and community lenders. The bill also includes $75 billion for hospitals, $60 billion for the small-business disaster fund and $25 billion to ramp up COVID-19 testing.
The relief package is the fourth passed by Congress to combat the economic damage caused by the COVID-19 pandemic. The third relief bill, called the Coronavirus Aid, Relief and Economic Security Act, created a $100 billion emergency fund to reimburse healthcare providers for expenses or lost revenue related to the COVID-19 pandemic.
More articles on healthcare finance:
‘We can’t do this forever’: 8 nurses doubling as janitors at Oklahoma hospital on brink of closure
HHS pushes deadline for hard-hit hospitals to apply for COVID-19 aid
Tennessee hospital reopens
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
