​More Grant Options Soon Available for S.D. Healthcare Providers

​More Grant Options Soon Available for S.D. Healthcare Providers

10/12/2020 Tags: Announcements, In the News, COVID-19, CARES Act

Hospitals and community-based facilities in South Dakota may get a financial boost through some upcoming grants.

The state of South Dakota will provide $130 million in grants through federal coronavirus relief funds. The money is aimed at qualifying healthcare providers that saw a loss of revenue because of the pandemic.

Eligible acute care hospitals must be:

  • Licensed by the state to provide in-patient acute care within the state.

These include all Prospective Payment System, Critical Access, In-patient Hospice, and Specialty hospitals.

Eligible community-based healthcare providers must be:

  • Licensed or otherwise authorized by the state to provide community-based services in South Dakota;
  • Located in South Dakota; and
  • Provide services funded by the state through Medicaid or other federal or state funding through the Department of Corrections, Department of Social Services, or the Department of Human Services.

Community-based healthcare provider potential recipients include nursing homes, assisted living facilities, residential treatment facilities, senior nutrition providers, behavioral health providers, and Medicaid Waver services, including in-home services and adult daycare.

To prepare for your applications, make sure to gather your:

  • Basic entity information;
  • Identification of Medicaid and other state funded services provided;
  • Revenue and operating expenses from March 2019 to September 2020;
  • Self certifications, making sure to:
    • Submit accurate financial information;
    • Include details showing that your organization is an eligible provider;
    • Provide details about federal awards received, planned, or pending, and;
    • Include your direct deposit banking information.

Applications will be accepted between Oct. 12-23, 2020. There's no maximum grant amount for the healthcare providers. You can see the full details here.

We recommend facilities that believe they're eligible apply quickly. The state will review applications after determining they're complete. After the state receives all applications for the program, they'll calculate the final award amounts on a proportional share of the available funds.

If you have questions about loans, grants, or other financial assistance, please reach out.

This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.

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