The funding is provided through the Coronavirus Aid, Relief, and Economic Security Act, through which HHS is allocating $50 billion to help healthcare providers affected by the COVID-19 pandemic.
Providers must apply for payments, which are based on the amount of revenue lost during the pandemic.
Topping the CARES Act funding list of recipients in Chicago are Rush University Medical Center with $37.1 million, the University of Chicago Medical Center with $35.9 million and Northwestern Memorial Hospital with $26.7 million.
More articles on practice management:
28.4M elective surgeries could be canceled in 2020 — orthopedic procedures hit hardest
Research finds lowest average cost of hip, knee replacements at 3 New York City hospitals
Texas orthopedic group snares 2 paycheck protection program loans
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
