Insight

HHS announces additional allocations for CARES Act provider relief funds

HHS has announced plans to distribute the remaining $70 billion in CARES Act relief funds to providers; for more information

Larry Kocot

Larry Kocot

Principal, Advisory, KPMG US

+1 202-533-3674

The CARES Act created a $100 billion relief fund for providers.  The first $30 billion was allocated earlier this month based on providers’ share of 2019 Medicare fee-for-service- reimbursement.  HHS has now announced plans to distribute the remaining $70 billion. 

This issue brief outlines the criteria for distribution of the soon-to-be released funds, including $10 billion to hospitals in areas hit particularly hard by the pandemic and $10 billion to rural hospitals and clinics.  A link to details on deadlines and application requirements is also included.

Please click here for the full issue brief.


 

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