Weekly News Roundup: June 26, 2020
Healthcare Regulatory Outlook
In this week’s news roundup, we’re taking a look at regulatory news and updates that affect the healthcare industry, including what health systems need to know about COVID-19 relief funding; tax relief major provider groups are asking from Congress; why cash flow could be a looming problem for hospitals; and how cross-state nurse licensing could improve care during COVID-19.
What Health Systems Need to Know About COVID-19 Relief Funding
The reduction in non-emergent procedures and routine care has decreased access to care for patients and placed a financial strain on healthcare For providers to use COVID-19 stimulus funds to keep organizations financially viable and able to serve their communities, financial leaders need to understand where they can apply each type of loan or grant and how to stay within legal compliance. Effectively leveraging these stimulus funds early will help organizations resume effective, profitable …
Providers ask Congress for Tax Relief for COVID-19 Assistance
A slew of major provider groups is imploring Congress to exempt tax deductions for COVID-19 federal relief funds they are using to keep afloat. The groups that include the Federation of American Hospitals, American Medical Association and American Hospital Association sent a letter to both House and Senate leadership.
Credit Downgrades Aren’t Attributable to COVID-19 But Cash Flow Will be a Challenge
While the COVID-19 coronavirus is likely to cause cash flow and liquidity issues for hospitals through the end of the year and into 2021, the credit outlook for the healthcare industry isn’t as dire as some had feared. While there have been some downgrades this year, most of those are attributable to healthcare financial performance at the end of 2019.
Cross-State Nurse Licensing: One Way to Improve Care During COVID-19
COVID-19 has highlighted the importance of RNs to the healthcare delivery system, as many RNs and advanced practice registered nurses (APRNs) have stepped forward, volunteering to provide care in the states hardest hit by COVID-19. While many clinicians have been willing to cross state lines to serve in the areas with the greatest need, differing state requirements and processes for healthcare provider licensure have delayed, or in some cases impeded, the ability for RNs and APRNs to quickly respond to emerging needs.