June 02, 2020
Physicians who believe they are eligible to receive payments from the second $20 billion distribution from the U.S. Department of Health and Human Services (HHS) Provider Relief Fund must apply for the funding before June 3, 2020.
Although the attestation deadline for the first $30 billion round of funding was extended for an additional 45 days (making the deadline 90 days from the date payment was received), physicians who believe they are eligible for the second round must submit revenue information by June 3, 2020, to be considered for a second general distribution payment.
According to HHS, if on June 3 providers are still deciding whether to accept funds they have already received from the first general distribution, they should reject the first-round funds and then submit a second-round application through the portal for consideration. Providers who do this will then be reallocated all general distribution funds they are owed based on their submitted application, and will then have 90 days to attest or reject the funds.
ONLY physicians who received payments from the first $30 billion distribution are eligible for the second distribution. Physicians must apply for their share of this second $20 billion distribution through the application portal by June 3, 2020. You will be required to submit your most recent tax return and estimated revenue losses from March and April 2020.
Eligible physicians should expect to receive the LESSER of 2% of their 2018 net patient revenue from all payors (not just Medicare) OR the sum of incurred revenue losses for March and April 2020. If the first general distribution payment providers received was at least 2% of their annual patient revenue, those providers will not receive a second allocation. This means that the total funding a provider receives from the first distribution and the second distribution COULD be less than 2% of their total 2018 net patient revenues IF the sum of your incurred revenue losses for March and April 2020 is less than 2% of your 2018 revenue. This is a new and different funding allocation formula. For more details about the allocation formula, see the California Medical Association (CMA) COVID-19 Financial Toolkit for Medical Practices.