In a matter of months, the escalation of the COVID-19 pandemic has had devastating effects on the US and the global economy. Nowhere is this damage being felt more acutely than in small business markets.
Is your dental practice struggling? You’re not alone, and the good news is that the U.S. Department of Health and Human Services is here to help with their Provider Relief Fund.
The deadline (August 3, 2020) is rapidly approaching – make sure to start your application now.
You can apply for assistance directly on the website – CLICK HERE to learn more and to start the application process.
To do so, you will need to do the following:
1. Validate Taxpayer Identification Number (TIN): This should be the organization TIN (“Filing TIN”) you will use in applying for relief funds. An Organization TIN files a tax return but may not bill Medicare or Medicaid directly. The Organization TIN may have one or more subsidiaries that do not file tax returns (disregarded or consolidated entities). The Organization TIN should complete an application by listing all of the subsidiary TINs in the applicable field within the application form. TIN Validation can take 1-2 business days to process.
Please note that only one person can serve as the program administrator per TIN. This administrator accepts responsibility to act on behalf of their organization and must agree to make their name available to others within their organization.
2. Confirm Revenue and Tax information: You will need to provide specific revenue and tax information through the portal once TIN Validation is complete.
3. Receive and Attest to Payment: Within 90 days of receiving this payment, you must sign an attestation confirming receipt of the funds and agreeing to the Terms and Conditions of payment. Should you choose to reject the funds, you must also complete the attestation to indicate this. The CARES Act Provider Relief Fund Payment Attestation Portal will guide you through the attestation process to accept or reject the funds. Not returning the payment within 90 days of receipt will be viewed as acceptance of the Terms and Conditions.
Don’t miss out on this opportunity to get financial assistance for your practice. Get started on your application and make sure to submit before the August 3 deadline.
As a consultant to dental practices, I help my clients maximize what can be done with their technology to maximize production and profit.