Paul - That's an initial grant from the Provider Relief Fund. We also received an email on the subject today, so I was a bit surprised when the money showed up at essentially the same time.
Details:
-- Rick Sylvanus Operations Manager Southern Delaware Imaging Associates 17503 Nassau Commons Blvd Lewes, DE 19958 E-Mail: Rick@sdiassociates.com Office: 302-645-7919 x201 Fax: 302-645-7841 PRIVILEGED AND CONFIDENTIAL: This document and the information contained herein are confidential and protected from disclosure pursuant to federal law. This message is intended only for the use of the Addressee(s) and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, you are hereby notified that the use, dissemination, or copying of this information is strictly prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and notify the sender immediately.
Original Message------
This morning our group and our imaging center received deposits from US HHS. Did anyone else get this and if so is this a grant with forgiveness? Paul Coogan We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a... -posted to the "Practice Management" community Re: CARES Act PPP Loans | | | We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a shareholder list to the bank based on their initial projected document request early last week, but my impression is that probably wasn't actually necessary.
I think the application is pretty clear that you only have to list 20% owners. I would tell the bank to submit and see what happens. If you get rejected, I don't think you're worse off than you are now.
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David Smith FACMPE
Executive Director
United Imaging Consultants
Mission KS
(785) 393-8387
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I received an email from HHS indicating the payment is coming within two weeks. The email expressly states these are payments to providers, not loans and does not need to be repaid. https://www.hhs.gov/provider-relief/index.html Per the email, there is an attestation you must sign beginning the week of 04/13/2020. This appears to be a GAME CHANGER. Kathy Smith Practice Administrator Radiology Associates of Hartford, PC 1000 Asylum Avenue Suite 3201E Hartford, CT 06105 Our new office is NOW OPEN at 673 Cottage Grove Road, Bloomfield!!! P: 860-969-6380 F: 860-969-6391 C: 860-597-5838 
   
Original Message------
This morning our group and our imaging center received deposits from US HHS. Did anyone else get this and if so is this a grant with forgiveness? Paul Coogan We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a... -posted to the "Practice Management" community Re: CARES Act PPP Loans | | | We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a shareholder list to the bank based on their initial projected document request early last week, but my impression is that probably wasn't actually necessary.
I think the application is pretty clear that you only have to list 20% owners. I would tell the bank to submit and see what happens. If you get rejected, I don't think you're worse off than you are now.
------------------------------
David Smith FACMPE
Executive Director
United Imaging Consultants
Mission KS
(785) 393-8387
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Original Message------
I received an email from HHS indicating the payment is coming within two weeks. The email expressly states these are payments to providers, not loans and does not need to be repaid. https://www.hhs.gov/provider-relief/index.html Per the email, there is an attestation you must sign beginning the week of 04/13/2020. This appears to be a GAME CHANGER. Kathy Smith Practice Administrator Radiology Associates of Hartford, PC 1000 Asylum Avenue Suite 3201E Hartford, CT 06105 Our new office is NOW OPEN at 673 Cottage Grove Road, Bloomfield!!! P: 860-969-6380 F: 860-969-6391 C: 860-597-5838
Original Message------
This morning our group and our imaging center received deposits from US HHS. Did anyone else get this and if so is this a grant with forgiveness? Paul Coogan We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a... -posted to the "Practice Management" community Re: CARES Act PPP Loans | | | We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a shareholder list to the bank based on their initial projected document request early last week, but my impression is that probably wasn't actually necessary.
I think the application is pretty clear that you only have to list 20% owners. I would tell the bank to submit and see what happens. If you get rejected, I don't think you're worse off than you are now.
------------------------------
David Smith FACMPE
Executive Director
United Imaging Consultants
Mission KS
(785) 393-8387
------------------------------
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Thanks, Tom
The terms and conditions may be worth reading carefully. I think the one prohibiting use of the funds to pay salaries above Executive Level II (which I think is $189,600) might be problematic for many hospital based groups.
I don't think there is interplay between this and PPP loan proceeds forgiven, but would be interested in knowing if anyone reads it differently.
Might have to bone up on fund accounting here with all of these restricted use dollars in play. David Smith, FACMPE | Executive Director | 785.393.8387 5800 Foxridge Dr. Ste. 240 | Mission, KS 66202 | www.uickc.com 
Original Message------
We did too. Advance MC payment. It was much lower than I expected. More like 1 month of MC payments. They will start recouping it in 120 days unless something changes with a new round of relief. Sent from my iPhone -- PRIVILEGED AND CONFIDENTIAL: This document and the information contained herein are confidential and protected from disclosure pursuant to Federal law. This message is intended only for the use of the Addressee(s) and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, you are hereby notified that the use, dissemination, or copying of this information is strictly prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and notify the sender immediately.
Original Message------
This morning our group and our imaging center received deposits from US HHS. Did anyone else get this and if so is this a grant with forgiveness? Paul Coogan We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a... -posted to the "Practice Management" community Re: CARES Act PPP Loans | | | We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a shareholder list to the bank based on their initial projected document request early last week, but my impression is that probably wasn't actually necessary.
I think the application is pretty clear that you only have to list 20% owners. I would tell the bank to submit and see what happens. If you get rejected, I don't think you're worse off than you are now.
------------------------------
David Smith FACMPE
Executive Director
United Imaging Consultants
Mission KS
(785) 393-8387
------------------------------
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Read the terms and conditions- it's a trick bag. No strings is not necessarily the way this will work. I am working with my hospital system, billing company, cpa and attorneys to determine how we will use this and show documentation. https://www.hhs.gov/sites/default/files/relief-fund-payment-terms-and-conditions-04092020.pdf Kim Asher Chief Operating Officer Memphis Radiological PC 7695 Poplar Pike Ste 101 Germantown, TN 38138 901-259-0810 (Direct) 901-685-2696 (Office) 901-682-9747 (Fax) 901-237-7698 (Cell)
Original Message------
We did too. Advance MC payment. It was much lower than I expected. More like 1 month of MC payments. They will start recouping it in 120 days unless something changes with a new round of relief.
Sent from my iPhone
--
PRIVILEGED AND CONFIDENTIAL: This document and the information contained
herein are confidential and protected from disclosure pursuant to Federal
law. This message is intended only for the use of the Addressee(s) and may
contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the
intended recipient, you are hereby notified that the use, dissemination, or
copying of this information is strictly prohibited. If you have received
this communication in error, please erase all copies of the message and its
attachments and notify the sender immediately.
We did not receive an email. Just the eft. I assumed it was the Advance Payment since I submitted that request on Monday. Even better news if it’s the relief money and does not need to be repaid. I was under the impression the first tranche of relief was going to hospitals. Either way, we’ll keep it! Sent from my iPhone -- PRIVILEGED AND CONFIDENTIAL: This document and the information contained herein are confidential and protected from disclosure pursuant to Federal law. This message is intended only for the use of the Addressee(s) and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, you are hereby notified that the use, dissemination, or copying of this information is strictly prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and notify the sender immediately.
Original Message------
This morning our group and our imaging center received deposits from US HHS. Did anyone else get this and if so is this a grant with forgiveness? Paul Coogan We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a... -posted to the "Practice Management" community Re: CARES Act PPP Loans | | | We have 31 equal owners, and did not have to list them individually on the application (which was accepted by the SBA). I did provide a shareholder list to the bank based on their initial projected document request early last week, but my impression is that probably wasn't actually necessary.
I think the application is pretty clear that you only have to list 20% owners. I would tell the bank to submit and see what happens. If you get rejected, I don't think you're worse off than you are now.
------------------------------
David Smith FACMPE
Executive Director
United Imaging Consultants
Mission KS
(785) 393-8387
------------------------------
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