The industry publication Healthcare Dive quoted McGuireWoods
Timothy Fry in an
Oct. 22, 2020, story on revised CARES Act fund reporting requirements.
Concerns from the provider community and Congress prompted the U.S.
Health and Human Services to amend September guidance that threatened
relief funds intended to sustain providers during the COVID-19
pandemic. Fry addressed how this
latest positive change was not a full solution due to how year -over-year revenue reporting may impact hospitals.
“If hospitals posted a dip in revenue, they likely can keep the funds. But
if they ultimately post higher revenue compared to the year prior, those
funds are at risk,” Fry said.
Fry and members of the firm’s healthcare practice have provided detailed
analysis of provider relief funding in alerts and videos found on
Coronavirus: Impact and Insight page and on