Starting the week of August 10th, Medicare providers who missed the opportunity to apply for a second payment from the $50 billion Phase 1 Medicare General Distribution of the HHS Provider Relief Fund (PRF) will be given another chance to receive additional funds.
After the initial automatic distribution of $30 billion to Medicare providers based on 2019 Medicare fee-for-service reimbursements, HHS offered access to another $20 billion in funding to make the total amount a provider could receive from the Provider Relief Fund equal to 2% of annual revenue.
In order to be eligible for a second payment, providers must have received and attested to the terms and conditions of a first payment from the PRF. Providers without comprehensive cost reports on file with CMS were asked to submit revenue information to a portal to receive the balance of their 2% payment of General Distribution funds by June 3rd.
In an announcement on July 31, 2020, HHS acknowledges that some providers “did not complete an application by the deadline for this additional $20 billion round of funding. HHS, in its principle of ensuring fairness in the administration of the Provider Relief Fund program, is now giving those eligible providers another opportunity to apply for additional funding. They will have until August 28, 2020, to complete an application to be considered for the balance of their additional funding up to 2 percent of their annual patient revenues.”
For the press release from HHS, CLICK HERE.
For more information on the HHS Provider Relief Fund for providers, CLICK HERE.
As always, ADVOCATE will continue to keep you informed on the issues impacting medical groups as they develop.
Manager, Regulatory Affairs