CARES Act Funding | Pharmacy Advisory

COVID-19 CARES Act: Release of $30 Billion

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On Friday, April 10, 2020, HHS announced immediate payments to Medicare providers in connection with the $100 billion Provider Relief Fund passed by Congress as part of the CARES Act signed by President Trump on March 27, 2020. These immediate payments total $30 billion and are being disbursed directly and immediately through direct deposit to eligible providers throughout the country.

HHS made clear in its announcement that these funds are payments—not loans—and do not need to be repaid by the providers receiving them. This whitepaper was prepared by the Health Care Group of law firm Brown & Fortunato, P.C. for Sykes & Company, P.A. to share with our pharmacy clients.

COVID-19 CARES Act: Release of $30 Billion

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COVID-19 CARES Act: Release of $30 Billion

Related Episodes

Scotty Sykes, CPA, CFP^® Creates Continuing Education Curriculum for NCPA

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HHS Provider Relief Fund Deadlines and Reporting Requirements

FAQ Regarding SBA Expanded EIDL Program

HHS Provider Relief Fund Update and Rural Health Grants Eligibility

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2021 Employee Retention Tax Credit for Independent Pharmacies

2021 Advance Child Tax Credit Payments | Opt Out to Claim Full Credit on Tax Return

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