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COVID-19 | Business & Financial Information

Amid a time of disarray, the Centers for Medicare & Medicaid Services (“CMS”) has unessentially changed ACOs current quality measurement and reporting mechanism, replacing the current approach with a new structure that includes higher performance standards.

Friday afternoon, March 13, 2020 Pres. Trump declared a National Emergency to combat Coronavirus (COVID-19), and authorized waiving of laws and regulations. KPN Health (KPN) took immediate action and formulated a “Crisis Action Plan” (CAP) to support its clients’ administration of the COVID-19 crisis.

Sudden events such as COVID-19 can stun an organization and its ability to react adequately. KPN Health offers expert data extraction and aggregation capabilities coupled with experienced crisis management advisors to assist in uncertain times by expertly guiding organizational developments that affect or threaten healthcare practice viability

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) has been implemented in the United States. KPN Health has the details you need to know such as the eligibility requirements to participate and information on the borrowing process.

COVID-19 Legislation has three parts so far: Phase I enacted March 6, 2020; Phase II enacted March 18, 2020, and Phase III enacted March 27, 2020. The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted in Phase III provides for, among other things, US Government 100% guaranteed loans to small businesses that are delivered through the SBA.

Healthcare has never experienced a disruption – global pandemic like COVID-19, and a national economic shutdown. Our country and economy are in crisis!

COVID-19 is challenging our healthcare system. America is in financial Crisis! Millions of Americans are out of work. Physician practice revenues are declining, and many practices are unable to make payroll and/or pay monthly operating expenses. As a medical practitioner or a small business/practice owner – what do I do? Immediately shift into a Crisis Management mode.

Key details regarding the Coronavirus Aid, Relief and Economic Security Act (CARES Act) HHS/ASPR Update.

Small Business Bankruptcy Under The CARES Act and SBRA featuring Don Navarro, Executive Chairman, KPN Advisors.
The panel will examine the provisions of the CARES ACT and SBRA, advantages over traditional Chapter 11 filing, as well as the range of consensual out-of-court restructuring options which may be available prior to filing. Valuation of distressed businesses will also be addressed.

Requirements to Receive Funds. Applications Must be Submitted Online by June 3, 2020.
Information found in the link below explains how to apply for available funds through HHS to Providers and Health Care Organizations who received Medicare reimbursement dollars in 2019.

The Prioritized Paycheck Protection Program (“P4 Loan”) has been implemented in the United States. KPN Health has the details you need to know for small business.