For medical providers that have been, and are being, affected financially by the Coronavirus (COVID-19) pandemic, much-needed relief has arrived.
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). This $2.2 trillion stimulus package is providing aid for individuals, states, small businesses and businesses impacted by COVID-19.
The CARES Act offers loan forgiveness options and a 10-year possible payback period, among other benefits, to medical providers of all types that face distress due to Coronavirus, including:
- Ambulatory surgery centers
- Home health agencies
- Behavioral therapists
- Day spa
- Massage therapists
Health care providers already are in the midst of facing COVID-19 head-on, and, at the same time, enduring a myriad of compliance and regulatory changes. The CARES Act is a crucial effort to make sure financial assistance is there as well.
If you’re a medical provider, the health care lawyers Chapman Law Group encourage you to take advantage of this much-needed stimulus immediately.