The American Health Care Association / National Center for Assisted Living has developed a resource guide for operators. The tool will help users better manage options to grants and loan programs during the current pandemic.
AHCA / NCAL’s guidance includes federal cost reporting guidelines as well as recommended financial management approaches for association members. The document will be updated as the federal government and states release new or revised guidance, the organization said.
Members also are encouraged to take advantage of AHCA / NCAL’s newly developed COVID-Related Loss and Cost Calculator. The calculator is designed to offer a basic tool for providers to assess allowable costs already reimbursed by pre-COVID payers, such as Medicare and Medicaid, and compare such reimbursement with shortfalls where grants and loans may be available to fill funding gaps. This tool may be particularly useful with reporting on and documenting use of the CARES Act Provider Relief Fund grants, AHCA / NCAL said.