Independent Practices across the nation are struggling to keep their head above water due to the COVID-19 pandemic. The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was signed into law at the end of March 2020 to empower businesses and independent practices to remain up and running despite the current health crisis.
Patient volumes are at an all-time low as providers are forced to cancel all non-COVID-19-related visits and it is taking a toll on providers. The CARES Act offers healthcare sector relief and support for practices like this through the duration of COVID-19.
What the CARES Act is Doing for Providers During COVID-19:
Under the CARES Act, a temporary reduction in the number of telehealth restrictions and regulations have made it simpler for providers to offer it to their patients during COVID-19. These lifted restrictions revolve around the type of technology that is required of a provider in order to engage in a telehealth visit, the time-restrictions set in place regarding a patient-provider relationship, and more. Providers are also able to bill for over 80 new telehealth services through the duration of COVID-19, increasing profitability and revenue during financially stressful times.
Under the CARES Act eligible providers can request that HHS:
To learn more about how the CARES Act and how your practice can continue growing revenue during COVID-19, click here.
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