New round of Provider Relief Fund payments available

Washington Connection - October 14, 2020

Medicare Payment Policies

Oct. 8, 2020: HHS announced that applications will be accepted from Oct. 5 through Nov. 6 for $20 billion in new funding under “Phase 3” of the Provider Relief Fund General Distribution. Under this new phase, providers that have already received Provider Relief Fund payments are invited to apply for additional funding that considers financial losses and changes in operating expenses due to COVID-19. HHS also expanded eligibility for payments in Phase 3, so groups that have not received Provider Relief Fund payments to date should check new eligibility criteria.

If an applicant has not yet received (and retained) a payment equal to approximately 2% of annual revenue from patient care as part of either Phase 1 or 2 of the General Distribution, then they should receive at least that amount in Phase 3. Groups that already received payments at or above 2% of annual revenue can also apply and potentially receive additional payments. However, HHS indicates it will determine final payment amounts for those applicants once all applications have been received and reviewed. For more information on Phase 3, including the application, instructions, and FAQs, visit the Provider Relief Fund website
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