Applications for new Provider Relief Funds begin Monday
On Friday, the federal government announced that it will disburse another $20 billion in CARES Act Provider Relief Funds, with applications set to begin Monday, Oct. 5.
A large number of providers will be eligible for this Phase 3 General Distribution funding, including:
- 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.
- Health care providers that began practicing Jan. 1 through March 31, 2020. This includes Medicare, Medicaid, CHIP, dentists, assisted living facilities, and behavioral health providers.
Physicians will have from Oct. 5 through Nov. 6, 2020 to apply for Phase 3 General Distribution funding.
For eligible providers, this Phase 3 General Distribution is designed to be a 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.
Find more details about the new Provider Relief Funds in the government’s announcement.
Starting Oct. 5, applications will be accepted via the CARES Act Provider Relief Fund page:
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