State and Federal Small Practice and Business Assistance
HHS Opens Provider Relief Fund Reporting Portal - July 15th, 2021
The Provider Relief Fund (PRF) Reporting Portal is now open for providers who need to report on the use of funds in Reporting Period 1. All recipients of PRF payments must comply with the reporting requirements described in the Terms and Conditions. Providers who received funds between April 10, 2020 and June 30, 2020 are required to report during Reporting Period 1 and have until September 30, 2021 to submit their information via the Portal. HRSA is committed to supporting the providers who have received PRF payments in completing their reporting requirements successfully.Providers can review the updated Reporting Requirements Notice (June 11) to enter the PRF Reporting Portal. Portal registration is the first required step (if not already completed).Reporting resources like user guides, a data entry worksheet, updated Frequently Asked Questions, and more can found on the PRF Reporting web page, PRF Reporting Portal User Guide, Stakeholder One-pager, Stakeholder Toolkit, and Frequently Asked Questions (FAQs). For additional information, please call the Provider Support Line at (866) 569-3522; for TTY dial 711. Hours of operation are 7 a.m. to 10 p.m. Central Time, Monday through Friday.
State Provider Relief
Updated June 7, 2021
Scott Administration Launches Economic Recovery Bridge Program
Monday, June 7th, Governor Phil Scott, along with the Agency of Commerce and Community Development (ACCD) and Department of Economic Development opened applications for the new “Economic Recovery Bridge Program.” The program aims to provide $30 million in financial relief to Vermont businesses who did not qualify for other state or federal relief programs and to businesses who may have received some aid, but still show a continued loss of revenues due to the COVID-19 pandemic. Grants will be issued on a first come, first served basis and priority for the first 30 days will be given to businesses that have not received any State or Federal financial assistance in 2020 or 2021 including, but not limited to PPP Loans or Healthcare Provider Grants. After the initial 30-day window, second tier priority will be given to businesses who suffered a 2020 net tax loss and can still demonstrate an adjusted net loss after adding back the amounts of non-taxable assistance received in 2020 and 2021. For more information visit the ACCD COVID-19 Recovery Resource Center.
Paycheck Protection Program Resources - updated January 15th, 2021
Round two of the Paycheck Protection Program (PPP) is now available. It will accept First Draw PPP loan applications from participating Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries.
The following resources are available to assist with the application process:
Paycheck Protection Program (PPP) Forgiveness and Other Information
On January 6th at 3:00pm, join a webinar for Vermont’s businesses regarding updates to the Paycheck Protection Program (PPP) and the Families First Coronavirus Response Act (FFCRA).
- The SBA Vermont District Office hosts a twice-weekly webinar to discuss Paycheck Protection Program forgiveness.
- Tuesdays at 11:30am: Join online or by phone at 202-765-1264 (Code: 986 011 495#)
- Wednesdays at 9:00am: Join online or by phone at 202-765-1264 (Code: 984 055 02#)
AHS Grant Agreements
- Retroactive grant agreements sent to providers for financial awards from AHS under the early Retainer programs:
- Any providers who received the COVID-19-specific Medicaid Retainer (April 2020), COVID-19 Sustained Monthly Retainer (in effect for the months of May, June, and July 2020), and COVID-19 Extraordinary Financial Relief for Nursing Homes and Private Non-Medical Institutions payment should have recently received a grant award following an initial memo from the Secretary of the Agency of Human Services on November 3, 2020. Grant agreements were subsequently sent to providers, beginning in the last week of November and continuing throughout the first couple of weeks in December.
- If providers have questions, or have not received their grants, they should email: AHS.COVID19Financial@vermont.gov for support and assistance. (12/14/2020)
Federal Provider Relief
- Federal Financial Relief for Medicaid Providers through the CARES Act. The U.S. Department of Health and Human Services (HHS) has released additional information regarding the CARES Act Provider Relief Fund.
- On October 22, 2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced the latest Provider Relief Fund (PRF) application period has been expanded to include provider applicants such as residential treatment facilities, chiropractors, and eye and vision providers that have not yet received Provider Relief Fund distributions. For more information, visit HHS Expands Relief Fund Eligibility and Updates Reporting Requirements.
- Federal Public Health Emergency Determination Renewed: Effective October 23, 2020, the determination that a federal public health emergency exists is renewed and will be effective until January 21, 2021.
Repayment Terms Clarified for COVID-19 Accelerated/Advance Payments
On October 8, 2020 Congress passed legislation that changed and clarified the repayment terms for the COVID-19 accelerated/advance payments. These changes include:
- An extension of the repayment period has been issued and the automatic recoupment will now begin one year after the date the accelerated or advance payment was issued.
- During the first 11 months after repayment begins, the recoupment rate will be 25% and repayment will occur through an automatic recoupment of the provider/supplier Medicare payments.
- At the end of the 11-month period, the recoupment rate will increase from 25% to 50%.The automatic recovery at the 50% recoupment rate will continue for six months.
If the total amount of the accelerated/advance payment is not recovered within 29 months from the date the payment was made, a demand letter for the outstanding balance will be issued. The demanded amount will be subject to a 4% interest rate.
- CMS Accelerated/Advance Repayment Fact Sheet
- CMS Accelerated/Advance Repayment FAQs
- Practice Resources - IRS COVID-19 Tax Relief Guidance
Other Federal Resources