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Healthcare recovery can mean provider stability

Strengthen your position by securing funding assistance fast

RFP
Male officer working computer Providers at the center of the COVID-19 crisis will be among key institutions leading the country forward into a safer future. To accomplish that goal, they must secure funding sources quickly and efficiently, whether through the CARES Act, the Department of Health and Human Services, the Federal Emergency Management Agency (FEMA) or commercial insurers.

They should take certain steps to strengthen their positions, including:

  • Track business interruption, quantifying and documenting the information.
  • Collect data in real time related to the pandemic’s financial impact on your health system, and document support for costs that could not be avoided.
  • Flag transactions and map expenses.
  • Provide uniform and organized tracking of eligible expenses and revenue variances, and map and document to COVID-19 causes.
  • Review documentation to determine your insurance coverage and how it may apply to your unique situation. You may have business interruption coverage under your company’s commercial property insurance policy. Other policies that may be applicable to COVID-19 include non-damage business interruption policies, parametric products and supply chain insurance.
  • Coordinate and prepare business insurance and Federal Emergency Management Agency (FEMA) claims using an experienced team.

It’s important to treat reimbursement as you would any pressing project with a unique goal, by setting up a knowledgeable team to execute and manage smart, proven tactics.

Learn more about healthcare funding

Contact:

Erik ShannonErik Shannon
Healthcare Sector Leader
T +1 832 487 1440