The CARES Act (Coronavirus Aid, Relief and Economic Security Act, H.R. 748) was signed into law Friday, March 27, 2020, intended to stimulate the national economy by providing ~$2 trillion to certain taxpayers and small businesses and other benefits for specific industry segments.
The COVID-19 pandemic has made tangibly apparent the crucial role of healthcare providers, first responders, scientists, suppliers and others along the broader healthcare delivery continuum in the public health and welfare of our public. As such, the CARES Act provides significant benefit to the healthcare industry. The more notable provisions for hospitals are summarized here.