CARES Act Healthcare Provider Relief Funds

Accounting, Reporting and Operational Considerations

In the last five months, our U.S. healthcare system has been challenged in ways not previously anticipated –be it personal protective equipment and hospital bed shortages or elective surgery cancellations. As many seek to financially recover from the effects of COVID-19, others are just beginning to feel its impact on the bottom line.

Given financial challenges, the U.S. Government moved swiftly to sign into law various relief acts to provide an avenue for providers across the healthcare spectrum to gain access to additional funds. Yet, doing so is not without challenges.

In response to growing questions, discussions and feedback from providers, this FAQ offers guidance related to the accounting, financial reporting and operational considerations on what you need to know about accessing the CARES Act Provider Relief Funds.