Centene aims to make it easier for suppliers to obtain grants and small business loans

Centene Corporation wants to help financially struggling vendors get grants or small business loans as they continue to fight COVID-19.

The insurer on Wednesday launched a new initiative to help providers with application processes to obtain funds faster. As part of the program, Centene has launched an online portal to help providers find funding opportunities for which they may be eligible.

These providers will then be put in touch with experts who will help them navigate the applications.

“Our providers are on the front lines every day, caring for the most vulnerable populations,” Centene CEO Michael Neidorff said in a statement. “We launched this program to make sure our partners have the support they need to access key benefits so they can continue their fight against COVID-19. ”

RELATED: Documents Push HHS To Offer Direct Funding As Finances Crash Due To COVID-19

Cash-strapped providers have sought help from insurers to get more cash during the pandemic. Some health plans, such as UnitedHealth Group, have agreed to provide an infusion of funds through prepayments or accelerated payments.

The Centers for Medicare & Medicaid Services issued nearly $ 34 billion in advance or accelerated payments in the past week alone, the Trump administration said on Tuesday.

As the COVID-19 outbreak unfolds, many renowned hospitals and health systems have been forced to lay off jobs and cut wages to stay afloat.

In addition to its online portal, Centene’s new initiative will provide access to training webinars and one-on-one consultations by working alongside health consultants, the former Small Business Administration and state government agencies.

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