CARES Act & Provider Relief Fund

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On March 27th, the Coronavirus Aid, Relief, and Economic Security Act was passed into law. Included in this act is the Provider Relief Fund, which allocates funding to qualified providers of healthcare services in order to cover expenses and lost revenue attributed to COVID-19. The initial deadline to make expenditures using CARES act relief funds was extended from December 30, 2020 to Dec 31, 2021 in Section.1001 of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. 

"Expenses for capital equipment and inventory may be fully expensed only in cases where the purchase was directly related to prevent, prepare for and respond to the coronavirus. Examples of these types of equipment and inventory expenses include:

  • Ventilators, computerized tomography scanners, and other intensive care unit- (ICU) related equipment put into immediate use or held in inventory
  • Masks, face shields, gloves, gowns
  • General personal protective equipment
  • Disinfectant supplies " (hhs.gov)

The HHS expresses that the term "healthcare related expenses attributable to coronavirus" is meant to be a broad in order to capture the large scope of items that could be used in order to prepare or respond to the COVID-19 crisis. Such uses include "Acquiring additional resources, including facilities, equipment, supplies, healthcare practices, staffing, and technology to expand or preserve care delivery." (hhs.gov)

Covid-19 cases are rising once again and with new variants of the virus emerging, take advantage of the CARES Act fund and stay prepared.

Some providers have used this opportunity to acquire more AEDs in response to increases in sudden cardiac arrests and new information that COVID-19 patients can have permanent heart damage after recovering from the virus. Here are more examples of items you may use with your provider funds:

 

 

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Defibrillators

 

 

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Ventilators 

 

 

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Sanitizer & More

 

 

 

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AEDs

 

 

 

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Face Masks & Shields

 

 

 

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Pulse Oximeters