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Next Steps for Government Fundings

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22 Apr Next Steps for Government Fundings

The department of Health and Human Services (HHS) has begun distributing $30 billion of the $100 billion in CARES Act funding to frontline providers in response to financial hardships related the COVID-19 pandemic.

 

Who is eligible for funds from the initial $30 billion?

Healthcare Providers who received Medicare fee-for-service (FFS) reimbursements in 2019 are eligible for this initial distribution. HHS states that your organization qualifies and you will automatically receive payment soon.

 

How are payment amounts determined?

According to the department of Health and Human Services, providers will receive a portion of the initial $30 billion distribution based on their share of total Medicare FFS reimbursements in 2019. Providers can obtain their 2019 Medicare FFS billings from their organization’s revenue management system.

 

What action should you take once the funds are received?

Within 30 days of receiving the payment, you must sign an attestation confirming receipt of the funds and agreeing to the terms and conditions of payment. Terms and conditions can be found on hhs.gov/providerrelief.

 

Should you choose to reject the funds, you must also complete the attestation to indicate this. The Payment Portal will guide you through the attestation process to accept or reject the funds. Not returning the payment within 30 days of receipt will be viewed as acceptance of the Terms and Conditions.

 

Four Easy Steps to Follow:

  1. Eligibility Requirements
  2. Billing TIN(s)
  3. Verify Payment Information
  4. Attestations

Download the 4 Easy Step Quick Quide

 

Read more

For additional information, please visit hhs.gov/providerrelief or call the CARES Provider Relief line at
(866) 569-3522.