HHS Announces Additional $20 Billion in New Phase 3 Provider Relief Funding
On October 1, 2020, the Department of Health and Human Services (HHS) announced that an additional $20 billion in funding will be available for providers fighting the COVID-19 pandemic. Providers who have already received Provider Relief Funds may apply, as well as newly-practicing providers and an expanded group of behavioral health providers treating the effects that the pandemic has had on patients’ mental health. The new funds will include an equitable payment of 2% of annual revenue of patient care for all applicants plus an add-on payment to account for revenue losses and expenses attributable to COVID-19. The application period begins on October 5 and lasts until November 6. Providers are encouraged to apply as soon as possible.