Healthcare Funding in the Time of COVID 19 Quiz
Healthcare Funding Insights During COVID-19
Test your knowledge on the significant changes in healthcare funding due to the COVID-19 pandemic. This quiz covers important aspects such as the CARES Act, financing options, and the challenges faced by the healthcare sector.
- 10 engaging questions
- Multiple choice format
- Learn while you quiz!
Due to COVID-19, all three rating agencies have changed their outlook on the not-for-profit healthcare sectors from _________ to _________ in late March.
Steady; positive
Strong; obstructive
Stable; negative
Firm; apathetic
What could happen in the next 6 weeks due to COVID-19?
Government forced shutdown continues beyond expectations
Further outbreaks
Continued shortages of PPE and possible other medications and supplies
Physician and staff shortages
All of the above
What is the purpose of the CARES Act?
To support health care providers
It is a $2 trillion economic stimulus package
Increases Medicare reimbursement of 20% for treating coronavirus patients
Eliminates previously scheduled payment reductions to hospitals
All of the above
True or False? In order to be eligible for the CMS Accelerated and Advance Payment Program, you must not have any outstanding delinquent Medicaid overpayments.
True
False
Which is true about CMS Accelerated and Advance Payments Program?
Most providers and suppliers are able to request up to 100% of the Medicare payment amount for a 8 month period
Most Part B providers and Part A suppliers will have 211 days to repay the balance
Repayment begins 120 days after the date of issuance via offset to new claims
MACs will not issue payments within 7 calendar days
As part of the SBA Loans, what does PPP stand for?
Protection Paycheck Program
The Paycheck Production Program
The Popular Program of Paychecks
The Paycheck Protection Program
True or False? A business eligible for a PPP loan may generally also apply for a $20,000 emergency grant.
True
False
What does the Distance Learning and Telemedicine Grants provide?
A new computer and headphones
$1 million with a 10% match requirement from non-federal funds
Terminal and data terminal equipment
Free telemedicine services
The Federal Reserve has recently issued guidance in regard to _________ and the __________ that may help some hospitals.
Municipal Liquidity Facilities; Main Street Loan Facility
CARES Act; SBA
Special Considerations; CARES Act
Municipal Liquidity Facilities; SBA
What are some alternative funding solutions besides government funding programs?
Private investors or joint venture of business line such as home health
Asset Based Loans such as self pay receivables
Foundations and Donations which will cause investments to rise in value
Both A and B
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