GEDA launches Healthcare System Stabilization Grant to support healthcare facilities

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The Guam Economic Development Authority (GEDA) has launched the Healthcare System Stabilization (HSS) Grant program in an effort to ensure the continued operation of Guam’s healthcare industry during the COVID-19 pandemic. The HSS grant program utilizes funding from the Coronavirus Aid, Relief, and Economic Securities (CARES) Act to provide grants to Tier One and Tier Two healthcare facilities whose practitioners are either medical providers whose licensure is governed by the Guam Board of Medical Examiners and/or behavior health providers whose licensure is governed by the Guam Board of Allied Health Examiners that have lost revenue and/or observed increased expenses due to the public health emergency.

“Our healthcare system has been placed under tremendous stress as adjustments were and continue to be made for the health and safety of our community,” said Melanie Mendiola, GEDA CEO/Administrator. “This program aims to assist in the stabilization of the industry as healthcare facilities step up in unprecedented ways while experiencing a significant impact on their revenue and operations.”

On September 29, 2020 Governor Lourdes A. Leon Guerrero established the HSS Grant pursuant to Executive Order 2020-35. The program is administered by the GEDA, which will begin accepting applications today (Monday October 26). The application period will close on November 30, 2020 and is subject to the availability of funds.

Eligible applicants must be a Tier One or Tier Two healthcare facility as defined by the COVID-19 Unified Response Effort (C.U.R.E.) with a verifiable physical location where eligible healthcare and/or behavioral health services are provided. The healthcare facility must have been in operation on or before October 1, 2019; and BPT filings will be used to demonstrate any amount of business loss.

“The HSS grants are part of the administration’s plan in ensuring that our healthcare system survives these trying times as they respond rapidly to the pandemic while continuing to provide all other regular healthcare services to our island,” said Joann G. Camacho, Deputy Administrator.

For more information on the Healthcare System Stabilization Grant Program, visit the GEDA website at www.investguam.com/healthcare or contact GEDA at 647-4332.

(News release from Guam Economic Development Authority)

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