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KMS update: $20 billion in new Provider Relief Funds available

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:
https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund.

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If you have questions about this update or other matters, please contact KMS Executive Director Rachelle Colombo: This email address is being protected from spambots. You need JavaScript enabled to view it..