Our funding experts are helping hospitals, clinics and acute care facilities navigate the complexities of Cares Act, FEMA and HUD funding to maximize their benefit and minimize their funding timeframes.
Medical Provider Funding is Not Limited to the Cares Act
In addition to HHS Funding from the Cares Act, FEMA and HUD are making billions in funding available to offset costs associated with the response to COVID-19 by hospitals, clinics, nursing homes and other entities. FEMA has dedicated $45 billion to COVID response. HUD has released guidelines on how HUD funding can also be used for this purpose.
Timing is Everything
Applicants need to register and submit estimates quickly. HHS, FEMA and HUD funds can be limited and may only be available to those that apply first. FEMA will advance funds based on estimates. The current guidance provides for 45 days for reimbursement after submittal.
Maximizing Funding and Keeping Those Funds Requires Immediate Targeted Cost Accounting Controls
Take immediate action to categorize HHS, FEMA and HUD eligible expenses and capture those expenses in separate cost accounts with proper documentation and backup. Allocate HHS and other funds to paying non-FEMA / HUD eligible expenses. With the current 75% / 25% cost share, the applicant bears 25% of eligible costs and FEMA bears 75% (It is being proposed in future legislation that this becomes 90% /10%). Reduced your 25% applicant share by capturing donated equipment, resources, volunteer hours and other expenses. Note: our fees are covered under direct administrative costs which are FEMA-eligible expenses and paid through the 75% / 25% cost share.
Keeping Your Funds After the Event
After the event, the federal government will review formal submittals and backup documentation for eligible expenses. If you don’t provide proper documentation, and/or you request ineligible expenses, the government can claw back the requested funding based on government guidelines.
Meet our experts with years of experience and “lessons learned” in HHS, FEMA and HUD programs and compliance.
COVID-19 activities for reimbursement may include:
For more information, download our brochures