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Federal COVID-19 Aid Will Not Impact Care Center Rates
On November 18, 2021 by Jeff Bostic
As of this week, the Minnesota Department of Human Services (DHS) announced that Provider Relief Funds (PRF) and Paycheck Protection Program Loans (PPP) will not be offset in care center rates.
Payment Committee Hosting Special Meeting on Care Center Rates
On September 30, 2021 by Jeff Bostic
The LeadingAge Minnesota Payment Committee is holding a special meeting next Wednesday, Oct. 6, at 10 a.m. to discuss the status of care center Medicaid rates for 2022 in light of recent information from DHS on their plans to implement cost offsets due to federal aid received by providers.
Paycheck Protection Program (PPP) Loan Details Released
On January 13, 2021 by Jeff Bostic
A key part of the December 2020 COVID-19 relief bill is a renewal of the Paycheck Protection Program (PPP), including availability of second draw loans for some organizations that got a PPP loan earlier this year. In January 2021, the Small Business Administration and the Department of Treasury issued rulemaking to implement the second draw loan program. Organizations that received a PPP loan earlier this year are eligible to receive a second forgivable loan of up to $2 million if they meet eligibility criteria. The loan application portal is expected to open this week. As with the first round, eligible organizations can apply through most local or national banks.