HHS on Thursday introduced that it’s going to settle for purposes for $20 billion in new supplier reduction grants for a month beginning Oct. 5.
Not like many prior distributions, healthcare suppliers must apply for extra funds and provide information about their monetary conditions to qualify. The funds will probably be newly accessible to some behavioral well being suppliers and any suppliers that started working towards in 2020.
The deadline for purposes is Nov. 6, and HHS urged suppliers to use early.
“HHS is urging all eligible suppliers to use early; don’t wait till the final day or week of the appliance interval. Making use of early will assist to expedite HHS’s evaluation course of and fee calculations, and finally speed up the distribution of all funds,” the company stated.
Those that have already obtained grants value 2% of their annual income could also be eligible for an add-on fee if their income information justifies it, HHS stated. The add-on funds will probably be calculated utilizing a mix of working revenues, working bills and prior Supplier Aid Fund grants.
HHS has just lately pissed off hospitals by altering the calculation for figuring out misplaced income on Sept. 19 and setting a cap on how a lot misplaced income suppliers can declare. The American Hospital Affiliation stated rural hospitals that have been already in robust monetary straits can be on the best threat in having to return funds.
“HHS’s new definition would require many hospitals to return PRF funds primarily based on a brand new method and set of metrics which might be merely unfair and unrealistic,” American Hospital Affiliation President and CEO Rick Pollack stated in a letter to HHS Secretary Alex Azar.
The most recent distribution represents a big chunk of the $175 billion Congress appropriated for the Supplier Aid Fund. HHS beforehand issued over $100 billion, however had been withholding some funds to account for evolving wants, CMS Administrator Seema Verma stated.