tci Medicare Compliance & Reimbursement - 2021 Issue Q1

Provider Relief Fund: More Provider Relief Funding Is on the Way

‘Lost revenues’ guidance remains confusing. With more COVID-19 relief coming soon, Medicare providers have something to smile about in 2021. Details: On Dec. 16, the Department of Health and Human Services (HHS) announced that it added $4.5 billion to the Provider Relief Fund (PRF) phase 3 distribution to mitigate the impact of COVID-19 on healthcare providers. “HHS is providing more than $24 billion in new relief to more than 70,000 healthcare providers, meeting close to 90 percent of the losses they’ve reported from the COVID-19 pandemic in the first half of the year,&rdquo...

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