Physicians Have Access to HHS Provider Relief Fund – Portal Now Open
The $175 billion CARES Act Provider Relief Fund will allow healthcare providers, including physicians, to potentially receive relief funds as part of a new round of $20 billion funding. The U.S. Department of Health and Human Services (HHS) will determine which providers can access $20 billion based on 2018 net patient revenue percentages from ALL payors including, but not limited to, Medicare fee-for-service payments. The funds are grants and will not need to be repaid.
The Centers for Medicare and Medicaid Services (CMS) issued direct deposits on April 24, 2020 to hospitals that submitted cost reports. All providers with a Medicare billing TIN are eligible to apply (Provider Relief Fund General Distribution Portal
) for a portion of this $20 billion by submitting data about their IRS-reported annual revenues and estimated COVID-related lost revenue for March/April 2020.
HHS assures CMA that the third wave of funding will be dedicated to physicians and physician specialties without Medicare-heavy caseloads, such as Medicaid providers.