Treasury and SBA Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

US Treasury Press Release:            March 31, 2020 Contact:                     Treasury Public Affairs, (202) 622-2960 With $349 Billion in Emergency Small Business Capital Cleared, Treasury and SBA Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed. “This legislation provides small business job retention loans to provide eight weeks of payroll and certain overhead to keep workers employed,” said Secretary Mnuchin. “Treasury and the Small Business Administration expect to have this program up and running by April 3rd so that businesses can go to a participating SBA 7(a) lender, bank, or credit union, apply for a loan, and be approved on the same day.  The loans will be forgiven as long as the (more…)

Trump Administration Provides Financial Relief for Medicare Providers

FOR IMMEDIATE RELEASE March 28, 2020 Contact: CMS Media Relations (202) 690-6145 | CMS Media Inquiries Trump Administration Provides Financial Relief for Medicare Providers Action comes to aid providers and suppliers facing challenges in responding to COVID-19 pandemic Under the President’s leadership, the Centers for Medicare & Medicaid Services (CMS) is announcing an expansion of its accelerated and advance payment program for Medicare participating health care providers and suppliers, to ensure they have the resources needed to combat the 2019 Novel Coronavirus (COVID-19). This program expansion, which includes changes from the recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act, is one way that CMS is working to lessen the financial hardships of providers facing extraordinary challenges related to the COVID-19 pandemic, and ensures the nation’s providers can focus on patient care. There has been significant disruption to the healthcare industry, with providers being asked to delay non-essential surgeries and procedures, other healthcare staff unable to work due to childcare demands, and disruption to billing, among the challenges related to the pandemic. “With our nation’s health care providers on the front lines in the fight against COVID-19, dollars and cents shouldn’t be adding to their worries,” said CMS Administrator Seema (more…)

NEW! Weekly COVID-19 Member Calls

EMS providers serve on the front lines of the COVID-19 pandemic. The American Ambulance Association is here to help! Join us for weekly interactive discussions to share best practices and insights as well as to overcome common challenges. | Chaired by AAA President Aarron Reinert | Wednesdays at 4:00 pm ET | Chaired by Dr Ed Racht of Global Medical Response | Fridays at 4:00 pm ET We look forward to facilitating the exchange of ideas and critically important information. New to Zoom? Register for one or both of the calls above, then check out Zoom’s handy guide. Not near a computer? Use the Zoom iPhone app or Zoom Android app!