On October 1, the U.S. Department of Health and Human Services (HHS) announced an additional $20 billion allocation from the CARES Act COVID-19 Provider Relief Fund (PRF).
Under this Phase 3 General Distribution allocation, providers that have already received PRF payments are invited to apply for additional funding that considers financial losses and changes in operating expenses caused by the COVID-19 pandemic.
All provider submissions will be reviewed to confirm they have received a Provider Relief Fund payment equal to approximately 2 percent of patient care revenue from prior general distributions. Applicants that have not yet received Relief Fund payments of 2 percent of patient revenue will receive a payment that, when combined with prior payments (if any), equals 2 percent of patient care revenue.
With the remaining balance of the $20 billion budget, HRSA will then calculate an equitable add-on payment that considers the following:
Apply early! Applications for Phase 3 General Distribution funding will be accepted from October 5, 2020 through November 6, 2020.
More InformationHHS news release