tci Medicare Compliance & Reimbursement - 2020 Issue Q2

COVID-19 Funding: Compare These COVID-19 Funding Programs

Urgent: Feds halt accelerated payment applications. If your practice is in need of financial assistance and weighing its COVID-19 funding options, read on for a breakdown of what’s available — and what’s no longer on the table. 1. CARES Act Provider Relief Fund Good news: The Department of Health and Human Services (HHS) is releasing $20 billion more in CARES Act Provider Relief Fund money to assist providers in combatting the pandemic. That’s on top of the $30 billion it automatically released last month. Payments began April 24. Bad news: The new formula HHS has stipulated...

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