The U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), has announced $20 billion in new funding for providers on the frontlines of the Coronavirus (COVID-19) pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund payments may apply for additional funding that considers financial losses and changes in operating expenses caused by the COVID-19 pandemic. Previously ineligible providers, such as those who began practicing in 2020, are invited to apply
Providers eligible for Phase 3 General Distribution funding 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, but preference will be given to providers who have received payments of less than 2% to date.
- Healthcare providers that began practicing January 1, 2020 through March 31, 2020.
Providers will have from October 5, 2020, through November 6, 2020, to apply for Phase 3 General Distribution funding.
Please visit the U.S. Department of Health & Human Services website at: https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/for-providers/index.html for details on how to apply. You may also wish to register for the webcast offered on 10/15/20 at 12 PM PT. Financial information regarding operating revenue and expenses, as well as tax returns or equivalent from tax-exempt entities are required. The details may be found here: https://www.hhs.gov/sites/default/files/provider-distribution-instructions.pdf
Even if you choose not to apply for additional funds, please review the Provider Relief Fund FAQ page https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/faqs/index.html for more info about the terms and conditions of Round 1 and 2 grants as well as the reporting requirements that will be coming due in the near future. Systems Design West will continue to administer the balance billing waivers for the duration of the public health emergency. However, when you have exhausted your Provider Relief Funds, you are no longer obligated to waive balance billing, so please inform SDW in writing when that happens.