Recent CHOW? Buyers Will Soon Be Able To Apply For Federal Provider Relief Funds

Arnall Golden Gregory LLP
Contact

The Department of Health & Human Services (HHS) finally bestowed good news on providers that recently underwent a change of ownership (CHOW). HHS issued a significant press release on July 31, 2020 related to Provider Relief Funds and Medicare enrollees that recently experienced a CHOW.  HHS recognized that its initial $30 billion disbursement relied on 2019 CMS payment data, which meant providers that underwent a CHOW in 2020 did not receive any relief funds.  Additionally, where relief funds were disbursed to the outgoing Medicare enrollee/seller, HHS’ FAQs explicitly provided that the funds could not be transferred to the new Medicare enrollee/buyer.  This left many post-CHOW providers in a quandary.

In very welcome news, HHS is now providing CHOW buyers with the opportunity to apply for provider relief funding.  HHS has indicated that beginning the week of August 10, “providers who experienced change in ownership challenges may submit their revenue information, along with documentation proving a change in ownership, by August 28 for consideration for Provider Relief Fund payment.”  Examples of documentation proving a CHOW may include a bill of sale, asset purchase agreement, or operations transfer agreement.  We will provide updates as more information becomes available.

Written by:

Arnall Golden Gregory LLP
Contact
more
less

Arnall Golden Gregory LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.