Contact Us 

Search

Member Login

Welcome to MedChi, The Maryland State Medical Society.  
As the statewide professional association for licensed 
physicians, we are dedicated to our mission to serve as 
Maryland's foremost advocate and resource for physicians, 
their patients, and 
the
public health.

Monday, August 03, 2020
You are here : Your Resource  >  Public Health  >  Coronavirus Resource Center  >  Business Help Resources
Business Help Resources

Last Updated 7/24/2020

Special Notice of CARES Act Fund Disbursement to Health Care Providers

April 10, 2020

The Department of Health and Human Services (HHS) announced today the immediate disbursement of $30 billion to hospitals, physicians, and other health care providers. This disbursement is the first installment of the $100 billion allocated by Congress for the Public Health and Social Services Emergency Fund in the Coronavirus Aid, Relief, and Economics Security (CARES) Act. 

Earlier this week, MedChi joined with the American Medical Association and 136 other medical societies to call for the immediate disbursement of funds to health care providers. We are grateful to HHS for answering our call for support. 

The disbursements are calculated in direct proportion to health care providers’ total amount of Medicare fee-for-service (FFS) spending in 2019. All facilities and health professionals that billed Medicare FFS in 2019 are eligible for the funds. These funds are grants that do not have to be repaid. Within 30 days of receiving the payment, providers must sign an attestation confirming receipt of the funds and agreeing to the terms and conditions of payment. The portal for signing the attestation will be open the week of April 13, 2020 and will be linked from hhs.gov/providerrelief.  

More details are available in the HHS announcement

MedChi will continue to advocate for economic relief for physicians and health care facilities. We have been promised an announcement from CareFirst, Maryland’s largest carrier, sometime in the next week. We applaud Medical Mutual’s pandemic credit and payment date extension announced earlier this week.  And we continue to pressure Medicaid for additional relief.

If you need assistance with economic and business issues, please reach out to MedChi today. We can help answer questions on federal and state loans and grants and help you to understand your options in this difficult time.







 







  • April 6, 2020 - NOTE: As of 5 p.m. on April 6, Commerce is no longer accepting new applications for its COVID-19 Relief Grant and Loan Programs. All applications that have been submitted are currently being reviewed in the order received. If you have already started an application in the program system, it must be completed and submitted by 5 p.m. on April 7, 2020 in order to be considered.  Read more here.
  • March 30, 2020 - Maryland Business Express: Coronavirus (COVID-19) Information for Businesses





 

  • March 31, 2020 - Memo RE: Information for Businesses Related to COVID-19
    In response to the COVID-19 pandemic, Maryland and the Federal Government have developed several financial programs to assist businesses during this uncertain time.  To better assist our clients in navigating these programs, we have put together a compilation of websites with information on available programs.  For many of these programs, such as those under the federal CARES (Coronavirus Aid, Relief, and Economic Security) Act, additional guidance should be released within the next 30 days.




  • The Small Business Owner’s Guide to the CARES Act
    The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress is intended to assist business owners with whatever needs they have right now.  When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers.  This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.