The Department of Health and Human Services (HHS) has announced how it will disseminate the remainder of the $100 billion Provider Relief Fund established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act enacted on March 27.
HHS has apportioned $50 billion for “general allocation” to Medicare facilities and providers impacted by COVID-19. HHS’ announcement states the general distribution will be “allocated proportional to providers' share of 2018 net patient revenue.” Information on the General Distribution Portal instructs providers to “upload their most recent IRS tax filings.”
What this means is a provider’s payment will be calculated based on the revenue data they submit to HHS. From that amount, HHS will subtract the amount a provider already received from the CARES Act Provider Relief Fund between April 10 and April 17 based on their 2019 Medicare fee-for-service reimbursements.
HHS says additional payments will go out weekly, on a rolling basis, as revenue information is received by HHS and is validated.
HHS opened the portal late Friday, April 24, for providers to submit revenue information. HHS has also created a users guide and a frequently asked questions document to help providers through the process.
Only providers, such as hospitals, with cost reports on file with the Centers for Medicare and Medicaid Services will automatically receive a second distribution of funds. All other providers must use the CARES Provider Relief Fund Payment Portal. According to the portal instructions, only providers who already received payments through the CARES Act Provider Relief Fund can use this portal to apply for additional relief funds.
These funds are not an advance payment and do not need to be repaid.