Oct. 2, 2020
The Department of Health and Human Services (“HHS”) announced a new round of Provider Relief Funds on October 1, 2020. This new Phase 3 of Provider Relief Funding will distribute a total of $20 billion to eligible providers. Eligible providers for this new Phase 3 include providers that have already received Provider Relief Fund payments as well as select groups of providers that were previously ineligible, such as those who began practicing in 2020. Eligible providers are invited to apply for the additional funding from October 5 – November 6, 2020. The announcement urges all eligible providers to apply early, indicating that the program may be administered on a first come first serve basis. The application will request financial data from providers that takes into account their current financial position. HHS will then decide whether the provider qualifies for an “equitable add-on payment.” Eligible providers should begin compiling the relevant financial data and be prepared to submit their applications as soon as practicable. The announcement’s specific eligibility requirements and payment methodology are included below.
HHS is making a large number of providers eligible for Phase 3 General Distribution funding, including:
All eligible providers will be considered for payment against the below criteria.
HHS is expected to release additional information on the program in the coming days. Eligible providers should begin gathering the necessary information to apply for this additional funding. Nelson Mullins will be monitoring this development closely. If you have any questions or would like assistance in understanding how this new phase of Provider Relief Funding affects you, please contact Will Richmond or Hannah Cross, who contributed to the drafting of this Alert.
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.