A total of $50 billion of the Provider Relief Fund is allocated for general distribution to Medicare facilities and providers impacted by COVID-19. The initial $30 billion was distributed between April 10 and April 17, and the remaining $20 billion is being distributed beginning Friday, April 24.
On April 24, a portion of providers will automatically be sent an advance payment based off the revenue data they submit in CMS cost reports. Providers without adequate cost report data on file will need to submit their revenue information to a portal opening this week linked on the HHS website for additional general distribution funds.
Per HHS, the following provisions apply:
As a reminder, in an effort to expedite providers getting money as quickly as possible, $30 billion was distributed on Friday April, 10th in the amount of $26 billion dollars with payments being proportionate to providers’ share of Medicare fee-for-service reimbursements in 2019. The remaining $4 billion of the expedited $30 billion distribution was sent on April 17.
To read more about these distributions and next steps, please visit:
https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/index.html
