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June 3rd Deadline for Round 2 of the $100B Provider Relief Fund

Tuesday, June 2, 2020   (0 Comments)
Posted by: Elissa Rodrigues
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When the 1st phase of Provider Relief Fund money went out in April, the amount received was based on 2019 Medicare reimbursement. For some, Medicare is the major payer but for others, this is not the case. Phase 2 of the Fund is intended to help providers impacted by a reduction in reimbursement from commercial plans, Medicaid, the uninsured, and other non-Medicare payers. Approximately $50 billion is in this 2nd phase of the Fund. With a June 3rd deadline to apply, here is what you need to know if your revenue has been reduced due to the COVID-19 pandemic:

 

  • All providers who had automatically received funds prior to 5:00 pm, Friday, April 24th must provide HHS with an accounting of their annual revenues (all payers) by submitting tax forms or financial statements. These providers must also agree to the program Terms and Conditions if they wish to keep the funds.

 

  • The submission of tax forms / financial statements to the portal will also serve as an application for additional funding. All providers submitting their financial information will be considered for additional funding from the General Distribution.

 

 

  • Submit your revenue information to the General Distribution Portal for consideration to receive additional general distribution funds.

 

- Questions? Check out HHS’s FAQs

 

Note that HHS is making publicly available the names of payment recipients and the amounts received, for all providers who attest to receipt of a payment and acceptance of the Terms and Conditions.

 

June 1st update from the American Medical Association (AMA):  

As we reported in the AMA Advocacy Update of May 22, HHS announced that providers need to take action by June 3, 2020 regarding the CARES Act Provider Relief Fund distribution of the first $50 billion, referred to as the General Distribution. Specifically, HHS indicated that by June 3, those who had received funds need to accept the HHS Terms and Conditions and submit revenue information to be considered for an additional General Allocation payment. Subsequently, HHS announced that it had extended the attestation deadline for an additional 45 days, but the June 3 deadline has remained on the Provider Relief Fund website. The AMA asked HHS why the website still has a deadline of June 3 when the attestation deadline has been further extended. The department's response is below. Physicians should also be aware that this site is frequently revised and that new FAQs were added as recently as May 29.

 

HHS also responded: 

 

Folks will have a total of 90 days to attest.  However, they will only have until June 3 to access the application portal to submit their revenue / loss information.

 

Folks must accept or reject funds in order to enter the application portal.

 

So, if on June 3 folks are still deciding whether to accept funds they have already received, but haven’t yet submitted their tax information to the application portal, they should (1) reject the funds; (2) submit info to the application portal for consideration.

 

They will be reallocated all General Distribution funds they are owed based on their submitted application, and will then have 90 days to attest or reject.

 

We have implemented this so that we can have all applications by June 3, and can start rolling out other distributions.

 

The attestation portal (as opposed to the application portal) will remain open for 90 days.  Only the application portal will close on June 3.


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