May 13, 2020
On May 7, 2020, the Department of Health and Human Services (HHS) announced providers who receive funds from the Provider Relief Fund now have 45 days to attest to receiving payment and accept certain terms and conditions. Previously, providers had 30 days. The new deadline for those who received payments on April 10 is May 24, 2020.
HHS also recently updated the Provider Relief General Distribution FAQ document and made other updates to the website that providers should review.
Through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Paycheck Protection Program and Healthcare Enhancement Act, $175B in relief payments have been appropriated to a Provider Relief Fund. Currently, HHS has allocated $74.4B of the Provider Relief Fund to Medicare providers, hospitals in COVID-19 hotspots, rural providers, and the Indian Health Service. HHS has also announced an unspecified amount of the funds will be used to reimburse providers for uninsured COVID-19 patients. Additional distributions are expected in the coming weeks.
For more information visit the McDermottPlus Payment Innovation Resource Center or contact Sheila Madhani at firstname.lastname@example.org, Mara McDermott at email@example.com or Rachel Stauffer at firstname.lastname@example.org.