Financial Relief and Payments
HHS Provides Relief
Department of Health & Human Services has announced they
will release $30 billion of the $100 billion designated for the
CARES Act and provide immediate relief of three weeks of revenue for physicians only. We commend HHS for making this a priority and taking care of the doctors.
If you qualify, the funds will be automatically deposited into your account. We have been notified that some doctors have already received payments. Be sure to check your account daily.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.
SCMS has provided the following information for physician practices interested in applying for a loan.