16 Oct

Gov. Wolf Announces $450 Million Loan Program for Financially Strained Hospitals

first_img Healthcare,  Press Release,  Public Health There are more than 19,000 COVID-19 cases in the state as of midnight today with numbers expected to continue increasing, highlighting an even greater need to ensure that Pennsylvania’s hospitals are equipped to care for patients and workers. To assist, Governor Tom Wolf today announced a new loan program – the Hospital Emergency Loan Program, or HELP – that will provide short-term financial relief to Pennsylvania’s hospitals as they prepare for the growing surge of individuals infected with COVID-19 and the economic fallout of the nationwide pandemic.“The combination of increased costs and reduced revenue has hurt many hospitals financially,” Gov. Wolf said. “We must support our hospitals through this unprecedented time. When this pandemic finally ends, we’re going to need hospitals to care for our regular medical needs, like heart attacks and broken bones. This new loan program will provide immediate relief to our hospitals, which are on the frontlines of this pandemic.”The $450 million loan package will be available to the commonwealth’s hospitals to provide immediate financial support for working capital to ensure that these facilities have sufficient personnel, equipment, and personal protective equipment.The funding was dispersed by the Pennsylvania Infrastructure Investment Authority (PENNVEST) and will be administered by the Pennsylvania Department of Community and Economic Development through the Pennsylvania First Program (PA First). It was approved by Treasurer Joe Torsella, who played a crucial role in the expedited release of this emergency funding.“Hospitals across Pennsylvania should be focused on saving lives, not worrying about how to make ends meet until federal relief funds arrive months from now,” said Pennsylvania State Treasurer Joe Torsella, whose office must approve any investments made by the PENNVEST board. “I am proud to approve this prudent investment that will provide immediate, low-cost, and direct financing to enable hospitals to sufficiently staff their floors, purchase treatment supplies and protective equipment, and successfully prepare for the surge of COVID-19 patients in the coming weeks. I commend the PENNVEST board for taking this step, and Governor Wolf for his leadership and continued commitment to protecting Pennsylvanians throughout this crisis.”Pennsylvania health care facilities licensed as hospitals by the Pennsylvania Department of Health under the Health Care Facilities Act of 1979 that are eligible to receive federal grant funding through the CARES Act are eligible for HELP. The maximum loan size is $10 million per hospital at an interest rate of 0.5 percent.Applications will be available on DCED’s website starting at 10:00 AM April 13 through April 20. The costs must be incurred between March 1 and Sept. 1.HELP will allow hospitals to take responsive action now until funding through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020, is dispersed completely, with the goal of easing the financial strain of the pandemic and smoothing the transition back into regular health care operation.Permitted expenses under HELP will mirror those under the CARES Act, allowing hospitals to close out their loan with CARES funding once it is received.View this information in Spanish. Gov. Wolf Announces $450 Million Loan Program for Financially Strained Hospitals April 10, 2020center_img SHARE Email Facebook Twitterlast_img read more

21 Sep

Fantastic Frampton stops Martinez

first_img The 25-year-old Northern Irishman became the first man to stop the 26-year-old Spaniard with a superb right hand in the ninth, which saw Martinez hit the canvas. The referee gave Martinez the chance to show he could fight on, but it was quickly evident he was unable to continue as he stumbled towards the ropes at the Odyssey Arena and the celebrations began for Frampton’s corner. Carl Frampton secured the European super-bantamweight title on Saturday night with a stunning ninth-round knockout of Kiko Martinez in Belfast. Frampton looked comfortable in a cagey first round, but Martinez upped the tempo in round two and started to land some body shots on the Belfast fighter. The contest exploded into life in the fourth round, with a powerful left hook from the Spaniard catching Frampton off-guard. But the challenger hit back and began to chip away at his opponent before gradually assuming control and ending the fight in style in the ninth. “It feels amazing,” Frampton said on Sky Sports 1. “I just want to thank everyone who came out here. I just want the whole of Belfast to be proud of me. I want to be a world champion and I’m getting close.” The Belfast man played down the pre-fight tension between the pair in his post-match interview. “(It was a) very tough night. He was harder to hit than I thought. He’s tough as nails,” Frampton said of Martinez, who made throat-slitting gestures towards his rival at Friday’s weigh-in. “All that stuff at the weigh-in – that’s just macho-ism. He’s a nice guy and I’ll shake his hand. “I told him I’d outbox him at the start and I’d outfight him at the end – and that’s exactly what I’ve done.” center_img Press Associationlast_img read more

14 May

The Pucela would touch the permanence extrapolating the results of the first round

first_imgIf the competition resumes one day, Real Valladolid will11 games would be ahead, like the rest of the teams, and with 29 points he should still add between nine and eleven to reach a permanence to which right now the blanquivioleta team leads in four, the Mallorca brand, with 25 points, although the pucelanos have the great goal won with the vermilions by having defeated Vicente Moreno in both duels, so they should earn five more units than the Valladolid people to get out of the descent.If we extrapolate the results of the first round to the games that are missing in this second round, the result is that Real Valladolid would get 10 points, would add 39, which, practically, would give him salvation. In this way, Sergio’s team tied with Leganés, Celta and Atlético de Madrid, the next three rivals, then four duels would come in which Pucela did not get a point (Getafe, Sevilla, Levante and Alavés) would face Valencia , with which he tied at Zorrilla, would receive Barça, the team that beat Blanquivioletas 5-1, and would finish the League against two teams that they have already won: Eibar and Betis. In total two wins, four draws and five defeats. The negative side of this extrapolation is that in the first round, the Valladolid players against the rivals who have already played in the second round, had achieved 11 points, while in this second round they only added eight in the same number of games. We will therefore have to wait for the competition to resume to see if the team improves the 21 points of the first round, which would take him to 42, or it stays a little shorter. We must remember that last season the team finished four points above the descent with 41 points, 22 won in the first round and 19 in the second.And it is necessary to take into account that, right now, in a simulation of the score, the permanence would be 35.2 points, that is, 36, reason why to Real Valladolid repeating the results of the first return the accounts would leave him. However, extrapolating is not a scientific method, much less because of those 11 duels in the first round, the blanquivioletas played five at home and six at home. Now it will be the other way around. The pucelanos will play six games in Zorrilla, against Levante and Alavés in a row, and five at home so the points could be more given that the Valladolid players this season have achieved better results before their public, despite having played fewer games: 16 points in 13 home matches and 13 points in 14 duels away.last_img read more