Overview:
Congress has appropriated $100 billion to reimburse providers for lost revenues and increased expenses due to the coronavirus pandemic. Funds are being distributed by the Health Resources Service Administration (HRSA) section of the US Department of Health and Human Services (HHS). The funds do not need to be repaid if certain terms and conditions are met.
Medicare providers who have
already received a payment
from the Provider Relief Fund are now eligible to apply for
additional
funds by submitting data about their annual revenues and estimated COVID-related losses via the Provider Relief Fund Application Portal. Providers who have NOT yet received any payment from the Provider Relief Fund should NOT use the General Distribution Portal. However, providers who have NOT yet received any payments from the Provider Relief Fund may still receive funds in other distributions, including the Targeted Distributions being made from the Fund.
.
Application Process:
Medicare providers
must apply
to HRSA to receive any phase two payments. Providers with a Medicare billing TIN are now eligible to apply by submitting data about their annual revenues (through their IRS tax filings) and estimated COVID-related lost revenue for March and April 2020.
HRSA has put together a brief course with helpful instructions to assist with the application process for the Provider Relief Fund.