Chicago orthopedic group secures $143,000 in federal funding

Alan Condon -   Print  |

Northwest Orthopaedic Associates in Chicago recently received $143,000 in federal funding to offset revenue losses from the suspension of elective surgeries, Chicago Business Journal reports.

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

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