Lincoln Health System has received more good news in the form of a grant, providing financial relief during the COVID-19 pandemic. This grant comes in addition to a $4.2 million Paycheck Protection loan.
State Senator Shane Reeves (R-Jackson) and Representative Pat Marsh (R-Shelbyville) today announced that the state of Tennessee has increased the amount Lincoln Medical Center is set to receive in their Rural Hospital Readiness Grant to the maximum allowed amount of $500,000. The funds come from a special COVID-19 appropriation in the state budget which was approved by the Tennessee General Assembly in March.
The hospital was initially awarded $341,000 from the new grant program in April.
“We are very pleased that these funds have been provided to the maximum state grant level,” said Sen. Reeves. “Our healthcare workers and hospitals are doing a remarkable job responding to this unprecedented health crisis. They are a lifeline to many citizens and we appreciate their continued commitment to those in our communities. These funds, coupled with federal grant money, will help with efforts to ease the financial strain caused by COVID-19 on these facilities.”
Rep. Marsh said, “I greatly appreciate Lincoln Medical Center and their staff who put themselves at risk each day to confront this virus in our community. They play a tremendous role in this fight and I hope these funds will help to ease the financial burden that has been placed on so many of our rural hospitals.”
Lincoln Health System interim CEO Russ Spray expressed his appreciation to the state saying, “Lincoln Health System is grateful to Governor Lee, Tennessee Department of Economic & Community Development, the Tennessee General Assembly, and other agencies for prioritizing support and assistance for small and rural hospitals during the coronavirus pandemic.”
Spray added, “We are honored to be chosen as a recipient of Tennessee’s Small and Rural Hospital Readiness Grant and be awarded the highest level of funding available. Support from our state and federal governments have lessened the financial burden placed on our hospital that has been caused by COVID-19.”
The LHS CEO said that the “relief has allowed us to focus on providing care for our patients and community while ensuring steady work for our employees.”
The grant program provided $10 million to support hospitals facing financial strain due to the ongoing response to COVID-19. The funds, which are capped at $500,000 per hospital, are distributed by the Tennessee Department of Finance & Administration.