Four quick insights:
1. The Paycheck Protection Program was established as part of the Coronavirus Aid, Relief and Economic Security Act to help small businesses pay employees during the COVID-19 pandemic.
2. CRH Medical’s loan proceeds are eligible for forgiveness if used to cover payroll costs, rent, mortgage interest and utility costs within eight weeks of receipt.
3. The amount of loan forgiveness will be reduced if the borrower doesn’t maintain staffing or payroll levels.
4. Established in 2014, CRH Medical provides anesthesia services for endoscopy patients in ASCs.
More articles on surgery centers:
ASCs could get financial relief under $2 trillion stimulus law — 4 things to know
Can ASCs help with the COVID-19 surge?
California’s 750+ ASCs prepare to expand services for COVID-19 surge
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.