HHS Announces $20 Billion for Phase 3 of Provider Relief Funding

• Providers can begin applying for funds on Monday, October 5, 2020.
• For eligible providers, the new Phase 3 General Distribution is designed to balance an equitable payment of 2% of annual revenue from patient care for all applicants plus an add-on payment to account for revenue losses and expenses attributable to COVID-19.

Eligible providers include:

• Providers who previously received rejected or accepted a General Distribution Provider Relief Fund payment. Providers that have already received payments of approximately 2% of annual revenue from patient care may submit more information to become eligible for an additional payment.
• Behavioral Health providers, including those that previously received funding and new providers.
• Healthcare providers that began practicing January 1, 2020, through March 31, 2020. This includes Medicare, Medicaid, CHIP, dentists, assisted living facilities, and behavioral health providers.
• All provider submissions will be reviewed to confirm they have received a Provider Relief Fund payment equal to approximately 2% of patient care revenue from prior general distributions. Applicants that have not yet received Relief Fund payments of 2% of patient revenue will receive a payment that, when combined with prior payments (if any), equals 2% of patient care revenue.
• With the remaining balance of the $20 billion budget, HRSA will then calculate an equitable add-on payment that considers the following:
• A provider’s change in operating revenues from patient care
• A provider’s change in operating expenses from patient care, including expenses incurred related to coronavirus
• Payments already received through prior Provider Relief Fund distributions.
• Providers will have from October 5, 2020, through November 6, 2020, to apply for Phase 3 General Distribution funding.

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Contact your Whittlesey advisor for more information.