Harmony Healthcare Blog

$20 Billion Provider Relief Funding Phase 3

Posted by Kris Mastrangelo, OTR/L, LNHA, MBA on Mon, Oct 05, 2020
Kris Mastrangelo, OTR/L, LNHA, MBA
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Providers can start applying for relief funding Today, Monday, October 5, 2020!

 

On 10.1.2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced $20 billion in new funding for providers on the frontlines of the COVID-19 pandemic. 

This additional funding takes into account financial losses and changes in operating expenses caused by the COVID-19 pandemic. 

 

Eligibility

 

  • Providers who previously received, rejected or accepted a General Distribution Provider Relief Fund payment.  Providers that have already received payments of approximately 2% of annual revenue from patient care may submit more information to become eligible for an additional payment.


  • Behavioral Health providers, including those that previously received funding and new providers.

  • Healthcare providers that began practicing January 1, 2020, through March 31, 2020.  This includes Medicare, Medicaid, CHIP, dentists, assisted living facilities and behavioral health providers.

Criteria

 

  1. All provider submissions will be reviewed to confirm they have received a Provider Relief Fund payment equal to approximately 2 percent of patient care revenue from prior general distributions. Applicants that have not yet received Relief Fund payments of 2 percent of patient revenue will receive a payment that, when combined with prior payments (if any), equals 2 percent of patient care revenue.

  2. Provider Relief Fund payment equal to approximately 2 percent of patient care revenue from prior general distributions. Applicants that have not yet received Relief Fund payments of 2 percent of patient revenue will receive a payment that, when combined with prior payments (if any), equals 2 percent of patient care revenue.

    • A provider’s change in operating revenues from patient care.

    • A provider’s change in operating expenses from patient care, including expenses incurred related to COVID-19.

    • Payments already received through prior Provider Relief Fund distributions.

HHS is urging all eligible providers to apply early; do not wait until the last day or week of the application period.  

 

All payment recipients will be required to attest to receiving the Phase 3 General Distribution payment and accept the associated Terms and Conditions.

 

Providers will have from October 5, 2020 through November 6, 2020 to apply for Phase 3 General Distribution funding.

 

The 6 Steps to Phase 3 General Distribution Application are:

 

  1. Determine Eligibility

  2. Validate Tax ID Number (TIN)

  3. Apply for Funding

  4. Receive Payment

  5. Attest to Payment

  6. Report on Use of Funds


For more information please visit:

Provider Relief Program: hhs.gov/providerrelief

 

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Topics: Regulatory

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