October 13, 2020
The U.S. Department of Health and Human Services (HHS) recently announced $20 billion in new funding for providers on the frontlines of the coronavirus pandemic. Providers that have already received Provider Relief Fund payments can now apply for additional funding beyond the 2% of annual revenue previously allowed to account for revenue losses and changes in operating expenses attributed to coronavirus. Previously ineligible providers, such as behavioral health providers and those who began practicing in 2020, will also be eligible to receive funding from this new $20 billion tranche.
Providers have until November 6, 2020, to apply for this Phase 3 General Distribution funding.
HHS has updated its COVID-19 Provider Relief Fund FAQ to provide additional details on the phase 3 funding, including how it defines “operating revenues from patient care” and “operating expenses from patient care.”