On Thursday, October 2nd HHS announced that it will accept applications for $20 billion in new provider relief grants for a month beginning Oct. 5, 2020 and ending November 6, 2020.
Similar to the most recent round of HHS provider relief grants, healthcare providers will have to apply for these additional funds and supply data about their financial situation to qualify.
“HHS is urging all eligible providers to apply early; do not wait until the last day or week of the application period. Applying early will help to expedite HHS’s review process and payment calculations, and ultimately accelerate the distribution of all payments,” the agency said. Those who have already received grants worth 2% of their annual revenue may be eligible for an add-on payment if their revenue data justifies it, HHS said. The add-on payments will be calculated using a combination of operating revenues, operating expenses and prior Provider Relief Fund grants.
The latest distribution represents a significant chunk of the $175 billion Congress appropriated for the Provider Relief Fund. HHS previously issued over $100 billion, but had been withholding some funds to account for evolving needs, CMS Administrator Seema Verma said.
HHS is making a large number of providers eligible for Phase 3 General Distribution funding, including:
For more information, please visit the HHS website-
This post was published October 5, 2020.