On Friday, April 10, 2020, the Department of Health and Human Services (“HHS”) began distributing $30B of the $100B appropriated in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act to the Public Health and Social Services Emergency Fund (“PHSSEF”), also called the “CARES Act Provider Relief Fund”. HHS distributed the funds to providers based on their 2019 Medicare fee-for-service (“FFS”) reimbursement. We understand that $26B of this $30B have already been directly deposited into providers’ accounts. Many providers have questions about what happens next. We address the top ten questions here.
Continue Reading HHS Distributes First $30B of CARES Act Provider Relief Fund – What Providers Need to Know and Do Next
PHSSEF
Increased Expenses and Lost Revenues? CARES Act Funding Opportunities for Health Care Providers and Suppliers
By Michael Paddock on
Posted in Coronavirus
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides many avenues of potential funding relief for health care providers and suppliers who are suffering increased expenses and lost revenues as a result of the coronavirus pandemic. Some of these funding opportunities may or will require affirmative action by a health care provider or supplier, e.g., the submission of an application for relief. Other funding mechanisms will go into effect without additional provider action. Set forth below is a summary description of these opportunities.
Continue Reading Increased Expenses and Lost Revenues? CARES Act Funding Opportunities for Health Care Providers and Suppliers