THE VALUED VOICE

Vol. 64, Issue 41
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Thursday, October 8, 2020

   

HHS Announces New $20 Billion Distribution from Federal CARES Act Provider Relief Fund

On October 1, the U.S. Department of Health & Human Services (HHS) announced the newest round of funding from the federal CARES Act Provider Relief Fund (PRF).
 
In all, HHS announced $20 billion would be distributed to a variety of health care providers, including hospitals. All interested entities will need to apply for this funding, which HHS will distribute via the following methodology:
 
  1. Any providers that have not yet received relief fund payments equal to at least 2% of patient care revenue will receive a payment that, when combined with prior payments (if any), equals 2% of patient care revenue; 
  2. Using any remaining balance of funds, if any, HHS will make “equitable” add-on payments with the following considerations: changes in operating revenues for patient care; providers’ changes in operating expenses from patient care, including incurred expenses related to COVID-19; and payments already received through provider relief fund distributions. 
While the application window is open through Nov. 6, HHS is encouraging applicants to apply early. You can do so at this link and scroll down to “How to Apply for Phase 3 General Distribution.”
 
Contact WHA Vice President of Federal and State Relations Jon Hoelter with questions.
 

This story originally appeared in the October 08, 2020 edition of WHA Newsletter

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Thursday, October 8, 2020

HHS Announces New $20 Billion Distribution from Federal CARES Act Provider Relief Fund

On October 1, the U.S. Department of Health & Human Services (HHS) announced the newest round of funding from the federal CARES Act Provider Relief Fund (PRF).
 
In all, HHS announced $20 billion would be distributed to a variety of health care providers, including hospitals. All interested entities will need to apply for this funding, which HHS will distribute via the following methodology:
 
  1. Any providers that have not yet received relief fund payments equal to at least 2% of patient care revenue will receive a payment that, when combined with prior payments (if any), equals 2% of patient care revenue; 
  2. Using any remaining balance of funds, if any, HHS will make “equitable” add-on payments with the following considerations: changes in operating revenues for patient care; providers’ changes in operating expenses from patient care, including incurred expenses related to COVID-19; and payments already received through provider relief fund distributions. 
While the application window is open through Nov. 6, HHS is encouraging applicants to apply early. You can do so at this link and scroll down to “How to Apply for Phase 3 General Distribution.”
 
Contact WHA Vice President of Federal and State Relations Jon Hoelter with questions.
 

This story originally appeared in the October 08, 2020 edition of WHA Newsletter