On October 1, 2020 the Department of Health and Human Services (“HHS”) announced that it will distribute a total of $20 billion as part of Phase 3 of the Provider Relief Funds. The application for Phase 3 funding is now open and will be available from October 5 – November 6, 2020. However, HHS has urged providers to apply early, which may be an indication that the funds will be available on a first-come first-serve basis.
Below are some key details regarding Phase 3:
HHS is making a large number of providers eligible for Phase 3 General Distribution funding, including:
Payment Methodology – (Apply Early)
All eligible providers will be considered for payment against the below criteria.
All payment recipients will be required to attest to receiving the Phase 3 General Distribution payment and accept the associated Terms and Conditions. More information is available on HHS’s website: https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/for-providers/index.html.