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From: James Balda <jbalda@argentum.org>
Date: November 5, 2020 at 1:46:16 PM EST
Subject: FW: URGENT: Join HHS’ Nick Uehlecke Today at 4:30pm ET to Discuss CARES Act Provider Relief Funding




To:
        Argentum Owner/Operator Member CEOs, Argentum Board of Directors, Argentum State Partners

 
From:
 James Balda, Argentum President & CEO 

 

Re:        URGENT: Join HHS’ Nick Uehlecke Today at 4:30pm ET to Discuss CARES Act Provider Relief Funding

________

Summary:

 

  • NEW! Join call at 4:30pm ET today with Nick Uehlecke, Advisor to HHS Secretary Azar, to discuss CARES Act Provider Relief Funding
  • The deadline to apply for CARES Act Provider Relief Phase 3 Funding is Friday, November 6.
  • Register for our upcoming webinar on Monday, November 9 to review Provider Relief Fund reporting requirements and deadlines for submission.


________

 

Join Today’s Call with HHS

Nick Uehlecke, Advisor to HHS Secretary Azar, will be leading a call today with the goal of speaking directly to senior living providers who want to learn more about the CARES Act Provider Relief Fund application and distribution – both Phase 2 and Phase 3. His goal is to walk providers through the HHS application and distribution process, and share how they are working through any complications.

 

We strongly encourage you to join us and Nick this afternoon, and please share this communication with your staff as needed. This is an exceptional opportunity to speak directly to HHS regarding this process. We will share with him ahead of time frequently asked questions we have been receiving, but please be sure to bring your questions and concerns.

 

Thursday, November 5, 2020 | 4:30pm ET

https://zoom.us/j/97259121145?pwd=VmxUWENjYlF5N0NVaUFRQ3k2eERNQT09

Meeting ID: 972 5912 1145

Passcode: 845292


See full meeting details attached.

 

 

Phase 3 Funding – Deadline Tomorrow, Nov. 6.
Tomorrow marks the deadline to
apply for CARES Act Provider Relief Funding through HHS’ Phase 3 General Distribution. This phase was announced on October 1 and is meant to bring all qualified providers to a “baseline” distribution equivalent to 2% of revenue for a single year. Additionally, once that threshold has been met for all applicants, HHS will develop a methodology to disburse the remaining funds. Approximately 10-14 days after all applications are received, HHS will announce the methodology and proportion of losses that applicants are to receive.

 

It is important that you apply for Phase 3 even if you haven’t had your first payment processed from the Phase 2 General Distribution. Based on the results of a recent Argentum survey, we know nearly half of those who’ve been approved for Phase 2 funding have not yet received their payments. Rest assured, we are continuing to communicate with HHS and put pressure on them to process and distribute these outstanding payments as soon as possible. For additional updates on Phase 3 funding and reporting requirements, click here. If you have any questions about Provider Relief Fund payments, please email us at HHSproviderfund@argentum.org and we’ll respond as soon as possible.

Be sure to also register for our upcoming member-only webinar, “Complying with Terms and Conditions of HHS Provider Relief Fund Payments,” scheduled for Monday, November 9 from 1-2pm ET.  On October 22, HHS
issued a revision of their reporting requirements and broadened the definition of “lost revenue”. That revised guidance can be found here. On Monday, Tom Barker, Partner at Foley Hoag and Diane Bridgewater, EVP, Chief Financial & Administrative Officer at LCS will answer your questions on compliance with Provider Relief Fund Terms and Conditions as well as review the reporting requirements and their deadlines for submission. Register today.

 

James R. Balda

President & CEO

 

ARGENTUM | Expanding Senior Living

1650 King Street, 6th Floor

Alexandria, VA 22314

D: 703.562.1190 | C: 703.209.2601

jbalda@argentum.org | www.argentum.org

 
 

 
 

Sincerely,
North Carolina Assisted Living Association


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