The U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), is adding $20 billion in new funding for providers on the frontlines of the coronavirus pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund payments will be invited to apply for additional funding that considers financial losses and changes in operating expenses caused by the coronavirus. Previously ineligible providers, such as those who began practicing in 2020 will also be invited to apply,
All provider submissions will be reviewed to confirm they have received a Provider Relief Fund payment equal to approximately 2 percent of patient care revenue from prior general distributions. Applicants that have not yet received Relief Fund payments of 2 percent of patient revenue will receive a payment that, when combined with prior payments (if any), equals 2 percent of patient care revenue.
With the remaining balance of the $20 billion budget, HRSA will then calculate an equitable add-on payment that considers the following:
- A provider’s change in operating revenues from patient care
- A provider’s change in operating expenses from patient care, including expenses incurred related to coronavirus
- Payments already received through prior Provider Relief Fund distributions.
What You Need
- Validate Taxpayer Identification Number (TIN)
This should be the organization TIN (“Filing TIN”) you will use in applying for relief funds. The Organization TIN should complete an application by listing all of the subsidiary TINs in the applicable field within the application form. TIN Validation can take 1-2 business days to process.
Only one person can serve as the program administrator per TIN. This administrator accepts responsibility to act on behalf of their organization and must agree to make their name available to others within their organization. This person may reassign or transfer their administrator role to a new individual in their organization with an Optum ID at any time by calling (866) 569-3522: for TTY dial 711. New administrator processing can take 1-2 business days to complete.
- Confirm Revenue and Tax information
You will need to provide specific revenue and tax information in the form of tax returns through the portal once TIN Validation is complete.
- Receive and Attest to Payment
Within 90 days of receiving this payment, you must sign an attestation confirming receipt of the funds and agreeing to the Terms and Conditions of payment. Should you choose to reject the funds, you must also complete the attestation to indicate this. The CARES Act Provider Relief Fund Payment Attestation Portal will guide you through the attestation process to accept or reject the funds. Not returning the payment within 90 days of receipt will be viewed as acceptance of the Terms and Conditions.
Providers will have from October 5, 2020 through November 6, 2020 to apply for Phase 3 General Distribution funding.