Jonathan Fink | May 21, 2020
As the news surrounding the global COVID-19 pandemic continues to evolve, our team at blumshapiro is staying focused on answering the local business community’s most pressing questions. Get the latest information and resources by clicking here.
The public health crisis brought on by the spread of the novel coronavirus has had a significant economic impact on every industry operating in the United States and around the world. One of the most impacted industries encompasses the businesses at the frontlines of this pandemic: US healthcare providers.
Our team at blumshapiro is working to provide you with the latest information to keep you informed and prepared to navigate this crisis. You can review our roundup of resources for long-term care and senior living providers by clicking here.
This article puts a long list of resources, guidelines and toolkits in one place.
Long-Term Healthcare Resources:
Long-term care providers, for the past two plus months, have been working tirelessly to take care of a large percentage of our nation’s elderly and infirmed population. From financial relief programs to state and federal guidelines, here are some of the latest resources that may be helpful for long-term care providers:
- ANALYSIS: The ‘Road to Recovery’ for long-term care providers (blumshapiro)
- INSIGHT: How to access your piece of the Medicare Provider Relief Fund (blumshapiro)
- FACT SHEET: PPE packages for nursing homes (FEMA)
- READ: Providers want dedicated $10B relief fund for SNFs (McKnight’s)
- IN-DEPTH: Pandemic fight at nursing homes proves costly (Providence Business News)
- TOOLKIT: Helping Senior Care Providers Reach Displaced Workers (OnShift)
- READ: House task force presses for $100M in funding (McKnight’s)
- FACT SHEET: Department of Health and Human Services
Professional Trade Organizations & Publications:
- LeadingAge: LeadingAge is a national organization that represents more than 5,000 non-profit organizations serving the nation’s elderly population. For the latest local resources, visit LeadingAge’s chapters representing Rhode Island, Connecticut and Massachusetts.
- My Place CT: org is a free web-based resource managed by the State of Connecticut that helps seniors live independently. The website includes a wide array of information related to COVID-19, which you can find by clicking here.
- Connecticut Association of Health Care Facilities: Connecticut’s largest member association representing long-term health providers, CAHCF has a roundup of the latest statewide policies and guidelines on its website. Find it by clicking here.
- Alliance for Better Long-Term Care: A nonprofit organization under the umbrella of the Rhode Island State Long Term Care Ombudsman, the Alliance provides information and support to family members and long-term care residents across the state. The organization’s latest COVID-19 information can be found by clicking here.
- Massachusetts Senior Care Association: Representing more than 400 nursing homes, assisted living residences and residential care facilities across Massachusetts, MSCA has been compiling the Commonwealth’s latest COVID-19 resources and guidelines since the beginning of the pandemic. You can review their information by clicking here.
Financial Relief Toolkits:
Since the beginning of the pandemic, the federal government has passed a series of stimulus packages aimed to provide the national business community with the financial relief they need to navigate and recover from this crisis.
Our team at blumshapiro has been closely following the latest developments and has created several toolkits that we hope will prepare you to take advantage of various relief options.
- TOOLKIT: Families First Act (blumshapiro)
- TOOLKIT: Paycheck Protection Program (blumshapiro)
- CALCULATOR: PPP Loan Forgiveness Calculator (blumshapiro)
Additional Financial Relief Resources
Federal, state and local government leaders – as well as professional associations, philanthropic foundations and other groups – are all rolling out loan programs, grant opportunities and other forms of financial relief options on a seemingly constant basis.
Our best piece of advice is to contact your financial advisor to develop a plan that works for you. In the meantime, here are a few resources that may help start that process.
- OVERVIEW: Small Business Grants for Companies Hit by COVID-19 (Inc.)
- WATCH: Understanding the world under CARES (Inc.)
- WATCH: Getting Your Stimulus Loan Faster (Inc.)
- FACEBOOK LIVE: Paycheck Protection Program overview (Rhode Island Commerce)
- READ: SBA issues additional PPP resources (blumshapiro)
- ANALYSIS: Insight into emergency stimulus package (blumshapiro)
- FACT SHEET: Paycheck Protection Program (RISCPA)
- WEBINAR: Federal Tax Changes Around COVID-19 (blumshapiro)
- READ: Talk to your banker about the CARES Act (blumshapiro)
- SUMMARY: Small Business COVID-19 Conference Calls (Lt. Gov. Dan McKee)
- DOCUMENTS: Application | Final Rules | Information for Borrowers (U.S. Treasury)
- SEARCH: Find an SBA-Approved Lender (SBA)
- FAQ: Paycheck Protection Program Loans (SBA, updated as of April 15)
- GUIDE: Small Business Owner’s Guide to the Cares Act (RISCPA)
- GUIDE: SBA Programs for Economic Recovery (RISCPA)
- GRANTS: Non-SBA emergency grants (Rhode Island Commerce)
Disclaimer: The contents of this resource are for general informational purposes only. While every effort has been made to ensure its accuracy, the information is provided “as is” and no representations are made that the content is error-free. We have no obligation to update any content, comments or other information for retroactive or prospective interpretations or guidance provided by regulators, financial institutions or others. The information is not intended to constitute legal advice or replace the advice of a qualified professional. There are areas of the CARES Act where additional clarification from the Treasury Department and the SBA is needed. Your judgment and interpretation of the act may be needed. Users should consult with their legal counsel and representatives of the lending institution regarding the proper completion of their application and supporting documentation.
Any written tax content, comments, or advice contained in this article is limited to the matters specifically set forth herein. Such content, comments, or advice may be based on tax statutes, regulations, and administrative and judicial interpretations thereof and we have no obligation to update any content, comments or advice for retroactive or prospective changes to such authorities. This communication is not intended to address the potential application of penalties and interest, for which the taxpayer is responsible, that may be imposed for non-compliance with tax law.
