IHA Resources for Federal Funding and Fiscal Relief
March 31, 2020
Today IHA released two resource documents to assist hospitals and health systems with identifying federal funding opportunities as well as automatic fiscal relief measures aimed at addressing significant losses in revenues and increased costs due to the COVID-19 pandemic. The majority of funding opportunities and payment mechanisms highlighted in the companion documents were made available through the CARES Act (H.R. 748), enacted March 27.
The Federal Funding Opportunities Resource Document provides an overview of direct funding sources available to hospitals and health systems to assist with immediate cash flow needs. (Hospitals must apply for the funding opportunities listed in this document.) The companion Automatic Federal Fiscal Relief Resource Document identifies automatic federal fiscal relief automatically available to hospitals and health systems.
IHA endorsed the CARES Act, which was supported by the entire Congressional delegation. Sen. Dick Durbin (D-IL) was a lead negotiator of the bill, and, along with Sen. Tammy Duckworth (D-IL), sent this letter to Illinois hospitals following enactment of the bill.