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 AHCA/NCAL Unveils COVID-19 Grant and Loan Management Resource Guide

The American Health Care Association/National Center for Assisted Living (AHCA/NCAL) has developed a basic primer  (login required) for organizing oversight and day-to-day management of the array of federal grants and loans available to long term care providers during the COVID-19 emergency.
 
The guidance includes federal cost reporting guidelines as well as recommended financial management approaches for association members. The document will be updated as the federal government and states release new or revised guidance.   

To download the Resource Guide, providers need to log into the AHCA/NCAL website and go here or the Finance and Reimbursement section of the association’s COVID-19 webpage
 
Also, available to AHCA/NCAL members is a COVID-Related Loss and Cost Calculator  (login required). The purpose of this Excel Workbook is to offer a basic tool for providers to assess allowable costs already reimbursed by pre-COVID payers, such as Medicare and Medicaid, and compare such reimbursement to shortfalls where grants and loans fill funding gaps.
 
This tool will be particularly useful with reporting on and documenting use of the CARES Act Provider Relief Fund grants, AHCA/NCAL said. 

To download the calculator, providers can log into the AHCA/NCAL website and go here, or the Finance and Reimbursement section of its COVID-19 webpage
 
In other news, the AHCA Medicare Accelerated and Advance Payment FAQs have been updated to reflect the April 26 announcement by the Centers for Medicare & Medicaid Services (CMS) that it is reevaluating the amounts that will be paid under its Accelerated Payment Program to Part A facility-based providers, including skilled nursing facilities (SNFs) and suspending its Advance Payment Program to Part B suppliers effective immediately. 

Specifically impacting SNFs, beginning on April 26, CMS will be reevaluating all pending and new applications for Accelerated Payments submitted by SNFs and other facility-based providers in light of the $175 billion recently appropriated by Congress for health care provider relief payments. Significant additional funding will continue to be available to health care providers through these other programs, AHCA/NCAL said.
Please email COVID19@ahca.org for additional questions, or visit ahcancal.org/coronavirus for more information.
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