As businesses begin to receive funding of loans under the Paycheck Protection Program, it is vitally important to properly track the spending of the proceeds and accumulate the necessary documentation that will be needed for calculating the amount of any…
CARES Act Provider Relief Fund: Immediate Infusion of $30 Billion into Healthcare System
Many provider groups are receiving unanticipated deposits into their bank accounts beginning April 10th, 2020 based on the CARES legislation that provides $100 billion in relief funds to healthcare groups and hospitals. The acceptance of these funds comes with some reporting…
Families First Coronavirus Response Act Waives Coinsurance and Deductibles for Additional COVID-19 Related Services
The Families First Coronavirus Response Act waives cost-sharing under Medicare Part B (coinsurance and deductible amounts) for Medicare patients for COVID-19 testing-related services. These services are medical visits for the HCPCS evaluation and management categories described below when an outpatient…
CMS – Medicare Expansion of the Accelerated/Advance Payment Program for Providers and Suppliers During COVID-19 Emergency
CMS has expanded the Medicare Accelerated and Advance Payments Program during the COVID-19 emergency. This program requires a one-page application, and funds may be available as soon as seven days after the Medicare provider or supplier applies. Generally, the funds…
Paycheck Protection Program Applications
On March 31, 2020, the official application for the Paycheck Protection Program was published on the website of the U.S. Department of Treasury along with an overview of the program and information for both borrowers and lenders. This guidance indicates…
Business Loans During COVID-19 Pandemic
On March 27, 2020, Congress passed, and the President signed the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). This legislation includes several elements designed to provide assistance to both businesses and individual taxpayers affected by the economic impact…
President Signs $2.2 Trillion Bill to Support Economy During Virus Pandemic
Coronavirus Aid, Relief and Economic Security Act (CARES Act)
On March 27, 2020, the President signed the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). This Bill provides a number of potential benefits for businesses and individuals impacted by the Coronavirus. We are working to fully assess the…
2019 Alabama Healthcare Fraud Summit
Kassouf recently sponsored the 2019 Alabama Healthcare Fraud Summit, held at The Club, Inc. Other presenting sponsors of this inaugural event were Birmingham InfraGard Members Alliance, Southern Medical Association, and Birmingham Medical Group Management Association. The summit featured educational presentations…