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Trump Administration Announces $20 Billion in New Phase 3 Provider Relief Funding

Trump Administration Announces $20 Billion in New Phase 3 Provider Relief Funding

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.

Eligibility

HHS is making a large number of providers eligible for Phase 3 General Distribution funding, including:

  • 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.

 

For more information, please visit the HHS website-

https://www.hhs.gov/about/news/2020/10/1/trump-administration-announces-20-billion-in-new-phase-3-provider-relief-funding.html


This post was published October 5, 2020.

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