Stimulus Package Recap from Brenna Manna Diamond (BMD)
March 29, 2020
by Sean Weiss, Partner & VP of Compliance
It is a Sunday and I am working as are millions of others trying to ease the anxiety and concerns our clients, friends and family have. Below, is an email from one of my colleagues and friends, Mrs. Amanda Waesch of Brenna, Manna and Diamond in Ohio. Amanda has provided a Stimulus Package Recap, and it is outstanding and straight to the point.
Thank you Amanda for all you do for our industry and to keep us abreast of the evolving changes with this fluid situation!
Below is BMD’s Stimulus Package Recap as well as a link to our COVID-19 Resource Page. I am also attaching a Client Alert applicable to employers with less than 500 employees (https://www.bmdllc.com/resources/blog/stimulus-package-recap-what-the-cares-act-means-for-you-your-employees-your-business/). In short, 3 key takeaways:
- Employers with cashflow issues can delay payment on a rush of Emergency Paid Leave in the first 2 weeks of April.
- With proper planning, the entire Paycheck Protection Program loan of 2.5x monthly payroll may be forgiven.
- Small businesses with fewer than 50 employees will be able to deny Emergency Paid Leave requests, but that does not necessarily mean they should.
Lastly, I am attaching a Client Alert regarding the healthcare and emergency responder exceptions to the required paid leave under FFCRA. These exceptions are quite broad and are intended to keep healthcare employees working. However, the one question that remains unanswered by the guidance is whether healthcare providers performing non-essential services, potentially in violation of state order, meet the leave exception under FFCRA. Based on the language of the FFCRA and the guidance published this morning by the DOL, we believe that the answer is yes. These providers are not required to receive paid leave under FFCRA. Keep in mind, this does not override any state orders regarding the performance of non-essential healthcare services.
Sean M. Weiss is a Partner and serves as VP/Chief Compliance Officer for DoctorsManagement, LLC based in Knoxville, TN. DoctorsManagement, LLC services more than 20,000 clients nation-wide and has been in existence since 1956. Weiss serves as an Investigator and expert witness in Federal and State cases as well as an expert or lead in Administrative Law Judge Hearings. During his 25-year career, Weiss has engaged in more than 200 cases working with law firms and health systems across the country. Weiss serves as a third-party compliance and regulatory officer for more than a dozen health care organizations across the country of varying sizes. For more information on Sean M. Weiss or DoctorsManagement, LLC visit us online at www.doctors-management.com or contact us directly at 800.635.4040. You can also follow Sean on his biweekly Blog on LinkedIn (Sean M. Weiss “The Compliance Guy”) or at www.thecomplianceguyblog.com
What to do next…
- If you need help with an audit appeal or regulatory compliance concern, contact us at (800) 635-4040 or via email at email@example.com.
- Read more about our: Total Compliance Solution
Why do thousands of providers trust DoctorsManagement to help improve their compliance programs and the health of their business?
Experienced compliance professionals. Our compliance services are structured by a chief compliance officer and supported by a team that includes physicians, attorneys and a team of experienced auditors. The team has many decades of combined experience helping protect the interests of physicians and the organizations they serve.
Quality of coders and auditors. Our US-based auditors receive ongoing training and support from our education division, NAMAS (National Alliance of Medical Auditing Specialists). All team members possess over 15 years of experience and hold both the Certified Professional Coder (CPC®) as well as the Certified Professional Medical Auditor (CPMA®) credentials.
Proprietary risk-assessment technology – our auditing team uses ComplianceRiskAnalyzer(CRA)®, a sophisticated analytics solution that assesses critical risk areas. It enables our auditors to precisely select encounters that pose the greatest risk of triggering an audit so that they can be reviewed and the risk can be mitigated.
Synergy – DoctorsManagement is a full-service healthcare consultancy firm. The many departments within our firm work together to help clients rise above the complexities faced by today’s healthcare professionals. As a result, you receive quality solutions from a team of individuals who are current on every aspect of the business of medicine.