Applications Being Accepted for Additional $20 B in Provider Relief FundsOct 5, 2020
On October 1, the U.S. Department of Health and Human Services (HHS) announced the intended distribution of an additional $20 billion in funds from the CARES Act Provider Relief Fund “that considers financial losses and changes in operating expenses caused by the coronavirus.” Providers are eligible to apply for the new Phase 3 General Distribution through November 6, 2020.
If a provider has already received the two percent allocation based on patient revenue from the General Distribution, then the provider would be eligible for an equitable add-on payment that considers: (1) a provider’s change in operating revenues from patient care; (2) a provider’s change in operating expenses from patient care, including expenses incurred related to coronavirus; and (3) payments already received through prior Provider Relief Fund distributions. This round of funding is also open to providers that began practicing January 1, 2020 through March 31, 2020 and those who previously received, rejected or accepted a General Distribution payment to ensure that those providers receive their allocation of two percent of patient revenue in addition to any add-on payment. According to HHS, approximately $106 billion of the approximately $175 billion initially appropriated to the Provider Relief Fund has gone out to providers as of September 23.
HHS has also provided key information on its website about how to apply for the new Phase 3 General Distribution.