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.”
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.
See more details in next week’s Elk Valley Times edition.