Home Health & Hospice Week
Calculate Your PPP Loan Forgiveness With New Clarifications
Owners of multiple businesses can decide how to allocate their compensation. If you’re still trying to figure out whether you’ll have all your Paycheck Protection Program loan forgiven or if you’ll need to pay some back, a new frequently asked question set may help. On Aug. 4, the Small Business Administration issued a new set of FAQs focused on loan forgiveness. The 23 questions over 10 pages cover topics ranging from form usage to forgiveness calculation details. For example: “How is the amount of owner compensation that is eligible for loan forgiveness determined?” asks one FAQ. Answer: “The amount of compensation of owners who work at their business that is eligible for forgiveness depends on the business type and whether the borrower is using an eight-week or 24-week Covered Period,” the SBA FAQ says. “The amount of loan forgiveness requested for owner-employees and self-employed individuals’ payroll compensation is capped at $20,833 per individual in total across all businesses in which he or she has an ownership stake.” The SBA then details caps for C corporations, S corporations, self-employed filers, general partners, and LLC owners. Plus: “For borrowers that received a PPP loan before June 5, 2020 and elect to use an eight-week Covered Period, this cap is $15,385. If their total compensation across businesses that receive a PPP loan exceeds the cap, owners can choose how to allocate the capped amount across different businesses.” The FAQs are at www.sba.gov/sites/default/files/2020-08/PPP Loan Forgiveness FAQs 8-4-20.pdf.
Home Health & Hospice Week
- Fraud & Abuse:
OIG Hits HHAs Hard On Near-LUPA Episodes
Medicare overpaid HHAs $192 million for episodes slightly exceeding LUPA thresholds. LUPAs are more of [...] - Hospice:
Addendum Requirement Continues To Barrel Toward Hospices This Fall
Hospices have less than 2 months until implementation. Hospices hoping to get some breathing room [...] - Reimbursement:
Hospice Final Rule Reduces Pay Update Slightly
Big swings for wage index areas may batter already struggling hospices. A minor reduction in [...] - Regulations:
Hospice Final Rule Seems To Give Thumbs Up To Electronic Signatures
More good news: Contractors can’t trigger the condition for payment, only patients. There’s a lot [...] - Industry Notes:
Calculate Your PPP Loan Forgiveness With New Clarifications
Owners of multiple businesses can decide how to allocate their compensation. If you’re still trying [...] - Industry Notes:
NY Federal Court Decision Creates Potential Labor Law Risk.
A Department of Labor frequently asked question set from March may not be the final [...] - Industry Notes:
No-Pay RAPs And Related Penalties Loom On The Horizon
If you’d been hoping the penalty for late or no RAPs would go away for [...] - Industry Notes:
Hospices' PEPPER Reports Have Arrived And HHAs' Are Nearly Here
Now that providers’ pandemic-related break from PEPPER reports is over, it’s time for home care [...] - Industry Notes:
CMS Touts Telehealth Expansion
Telehealth expansion is on Medicare’s to-do list, but it may not touch home care providers [...] - Industry Notes:
PHE Gets Another Extension
The Department of Health and Human Services Secretary has officially extended the COVID-19 public health [...] - Industry Notes:
Take A Look At Corrected Reports
If you’ve looked at your Provider Preview Reports and/or the Quality of Patient Care Star [...] - Industry Notes:
Find Out How to Track Cost Reports
Bone up on the cost report system’s new tracking feature via a recording or transcript [...] - Industry Notes:
3 Indicted In $12M HH Scheme
A Michigan couple faces fraud and tax evasion charges in connection with a $12 million [...] - Industry Notes:
Authorities Continue To Focus On Medicaid Fraud — This Time In FL
Authorities have arrested a Florida Medicaid home and community-based services agency owner for an alleged [...]
