Managing COVID-19 Funds: Strategies for Tracking and Retention - Oct. 8
Location:
Webinar
10 to 11 am
With federal funding unlocked due to COVID-19, determining how to use and retain the funds is just as important as complying with documentation requirements. This complimentary webinar will provide strategies to maximize funding from the following sources:
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act;
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Provider Relief Fund;
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Centers for Medicare and Medicaid Services’ (CMS) Accelerated and Advanced Payment Program;
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Deferral of employer shares of federal payroll taxes under the Federal Insurance Contributions Act (FICA);
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Payments for uncompensated COVID-19 care; and
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Payroll protection programs and others.
IHA and subject matter experts will share guidance on how to allocate and retain as much funding as possible while complying with related high-level reporting requirements.
Objectives
At the conclusion of this program, participants will be able to:
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Describe how tracking the sources and uses of provider relief funds is important for both strategic decisions as well as compliance requirements.
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Explain fund documentation expectations and specify how to retain as much COVID-19 funding as is supportable.
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Identify post-payment reporting requirements and timelines.
Who Should Attend
This webinar series is designed for hospital and health system leaders and staff in:
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Administration
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Finance
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Operations
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Revenue cycle
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Patient financial services
Speakers
Frederick K. Helfrich, CPA, Partner, BKD CPAs and Advisors, Ltd.
Helfrich consults on accounting, audit and third-party reimbursement for hospitals, health systems, home care agencies, long-term care facilities and physician clinic operations. His 25 years of experience include internal control reviews, preparing financial forecasts and projections, debt capacity analyses and consulting on bond issues. Helfrich also assists clients with implementing new auditing standards and Financial Accounting Standards Board and Governmental Accounting Standards Board pronouncements. He is a member of the McMahon-Illini Chapter of the Healthcare Financial Management Association, Senior Living Forum, American Institute of CPAs and Missouri Society of CPAs.
Ryan W. O’Grady, CPA, Senior Manager, BKD CPAs and Advisors, Ltd.
As a member of BKD’s healthcare practice, O’Grady provides audit and consulting services to healthcare organizations nationwide. He assists with financial statement audits, including audits subject to the provisions of the Uniform Guidance, as well as financial, operational and compliance consulting. This year, he helped develop and deploy a documentation and calculation tool for healthcare organizations related to the CARES Act Provider Relief Funds. He also assists healthcare organizations nationwide with tracking COVID-19 related expenses and lost revenues, as well as compiling documentation to support and comply with the requirements of the PRFs. O’Grady is a member of the American Institute of CPAs, Missouri Society of CPAs and Healthcare Financial Management Association.
Brian J. Pavona, CPA, FHFMA, Partner, BKD
As BKD’s Healthcare Industry Leader for Chicago and surrounding areas, Pavona is a public accounting executive with more than 17 years of experience providing assurance and advisory services to academic medical centers, multi-hospital systems, community hospitals, community health centers and other healthcare organizations. He has extensive experience auditing and advising clients on critical allowances and reserves, revenue recognition, grants and contributions, lease accounting, investments, business combinations, conduit and other debt issuances, and joint ventures. Pavona has also assisted organizations with adopting and complying with the requirements of the Uniform Guidance/Government Auditing Standards (formerly A-133 audits). He is a member of the American Institute of CPAs and Illinois CPA Society, and is a Fellow of the Healthcare Financial Management Association.