A Second Chance to Secure CARES Act Relief

Qualified healthcare providers who missed the initial opportunity to apply for funding from the CARES Act Provider Relief Fund (General Distribution Phase 1) will have another chance to apply for the funding beginning next week. The U.S. Department of Health and Human Services (HHS) has announced that the portal will reopen on August 10, 2020.

Medicaid, CHIP, dental providers and other providers with low Medicare revenues are encouraged to submit an application by the new August 28, 2020 deadline. These relief funds can be used to recover lost revenues due to COVID-19, help uninsured Americans get testing and treatment, and cover other approved expenses. The payments do not need to be repaid to HHS as long as all terms and conditions are met.

Extended Relief for Other Medicaid, CHIP & Dental Providers

HHS has also extended the deadline for Medicaid, Medicaid managed care, CHIP and dental providers to apply for Phase 2 of the General Distribution, the $15 billion set aside for providers that participate in state Medicaid and CHIP programs and do not receive funding from the Phase 1 General Distribution.

The deadline for applying for Phase 2 funds has also been extended to August 28, 2020.

Click here to visit the HHS Coronavirus page for more information on eligibility, attestations, reporting requirements and other considerations when applying for either allocation of relief funds.

Grassi’s Not-for-Profit and Healthcare advisors are here to help you determine eligibility, apply for COVID-19 relief programs, report your relief and comply with all terms and conditions set forth by HHS.

 


David M. Rottkamp David M. Rottkamp, CPA, is an Audit Partner, Nonprofit Practice Leader, at Grassi. David has over 34 years of experience providing audit and advisory services to the nonprofit and health care industries.  David focuses on organizations serving individuals with special needs, religious organizations, educational institutions, membership associations, social service providers, healthcare providers, foundations, and the arts and culture world. David’s technical knowledge allows him... Read full bio

Joseph Tomaino Joseph Tomaino is the Chief Executive Officer of Grassi Healthcare Advisors, LLC and has nearly 40 years of healthcare management experience working in the nonprofit, for-profit and government-sponsored segments. As a chief executive officer, chief nursing officer, consultant, and educator, Joseph has worked with provider organizations and payers across the U.S. as an architect of value based care -- improving clinical effectiveness along with... Read full bio

Categories: Advisory