September 13, 2021
The Biden Administration just announced it will release the remaining $25 billion of the $185 billion that was deposited into the U.S. Department of Health and Human Services (HHS) Provider Relief Fund to assist physician practices during the COVID-19 pandemic. Seventeen billion will go to all providers, with an additional $8.5 billion to rural providers.
All physicians may apply for this Phase 4 funding starting on September 29, 2021. The application is essentially the same as the Phase 3 distribution. Physicians will be reimbursed for their revenue losses and increased COVID-related expenses from July 1, 2020, through March 31, 2021 (as compared to revenues in 2019). There will be bonus payments for physicians treating Medicaid/CHIP patients. Small practices will receive a higher percentage of their lost revenues and increased expenses. Providers practicing in rural underserved areas will also receive additional funding. These bonus payments will automatically be applied by HHS.
Once HHS receives the applications, the funding will be distributed based on the total requests received. The California Medical Association (CMA) urges physicians to get their applications in as soon as the portal opens on September 29.