Members of our healthcare team recently published a LawFlash discussing the announcement by the US Department of Health and Human Services (HHS) that it will make $25.5 billion available in new COVID-19 relief funds to providers through the Health Resources and Services Administration (HRSA). To that end, HRSA will disburse $17 billion in Phase 4 payments remaining from the CARES Act Provider Relief Fund (PRF) to a “broad range of providers” based on lost revenues and expenses between July 1, 2020 and March 31, 2021.
The announcement of the release of these welcomed funds came along with more detail regarding HRSA’s payment distribution methodology for prior Phase 3 distributions and a 60-day “grace period” for providers that are unable to meet the September 30, 2021 deadline for reporting the use of PRF money during the period April 10, 2020 to June 30, 2020.
For key highlights from the PRF announcements, read the full LawFlash.