On April 22, 2020, HHS announced a new distribution methodology for the $100 billion Provider Relief Fund appropriated as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Additionally, the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), among other things, provided $75 billion in addition to the $100 billion provided under the CARES Act.
The chart linked below reflects actual and anticipated distributions from the $175 billion in currently appropriated funding. As of June 9, there is $97.6 billion remaining in the provider relief fund, and there has still been no distribution made to predominantly Medicaid providers.
Click here to view the chart, updated as of June 9.
HHS requires each recipient to complete an attestation confirming receipt of the funds and to agree to the Provider Relief Fund’s terms and conditions. There is a great deal of ambiguity around several parameters of the terms and conditions, and stakeholders are seeking clarity from HHS through additional guidance. HHS and the Office of Inspector General (OIG) will engage in significant auditing and anti-fraud work to ensure that funds are appropriately spent.
A few items to note:
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