House passes $2 trillion stimulus package: What now for hospitals?

President Donald Trump signed the $2 trillion coronavirus stimulus package into law on Friday, following the Dwelling voted to move it.

For hospitals, it means a $a hundred billion inflow of hard cash. But how the money will be equipped to be made use of and when it will arrive are concerns nonetheless getting figured out by healthcare facility CEOs and the American Medical center Association.

The AHA claimed Friday it hoped to have far more aspects and clarity in the coming times.

CEOs on a press phone with the AHA on Saturday, March 21, claimed they needed money promptly – meaning within just a couple of weeks – or they would threat not building payroll.

LRGHealthcare President and CEO Kevin Donovan, who was on Saturday’s phone, claimed Friday, “There is nonetheless not a great deal of clarity on what the money can be made use of for and how

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$2 trillion stimulus package includes $100 billion request from hospitals

Hospitals have gotten the $a hundred billion they asked for in the $2 trillion stimulus package deal authorized by Senate leaders early Wednesday early morning.

The bill involves the creation of an crisis fund grant program, extra guidance for getting care of COVID-19 clients and relief from paying out cuts, between other provisions. 

The revamped Senate proposal is aimed at holding the country out of a  economic downturn because of the coronavirus disaster. It also involves tax rebates, 4 months expanded unemployment benefits and other organization tax-relief provisions, in accordance to The Hill.

On Saturday, the CEOs of three hospitals said they had been hunting at not creating payroll in a pair of months and 1 said the method was in threat of closing, thanks to the double hit of equally shedding revenue from the decline of their bread-and-butter elective techniques although ramping up for a surge of coronavirus conditions.

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