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Provider Relief Funds

In March 2020, the Federal Government allocated $178B to hospitals, health services (nursing homes) emergency workers, healthcare providers to: offset costs related to COVID, improve quality/delivery of care and enhance existing facilities, ventilation  & infrastructure (according to ASHRAE and CDC recommendations). In June 2021—Congress clarified fund distribution specifics & added $8.5B for rural providers alone. This allocation has been called Provider Relief Funds and has been overseen/delivered through HHS over 4 rounds. Rounds 1-3 have been completed while Round 4 is just kicking off as of July 1st 2021 just beginning on July 1st 2021.

 

 

The Details

  • $$ carry over from previous rounds
  • $10B available for nursing homes
  • Round 1, Round 2, Round 3 & Round 4 fund allocation:…same for all Rounds
  • Skilled Nursing Facilities (certified SNF with 6 + beds)…Fixed payment of $50K + $2500/bed
  • Nursing Home Infection Control…Fixed payment of $10K + $1,450/bed
  • Quality Incentive Payment Program…Varies by Month
  • Priority given to providers that haven’t applied before & underserved areas (applied previously or not)

Provider Relief Grants ($178 billion in total funds)

  • Skilled Nursing Facilities ($10)
  • Spent on Operation Wrap Speed ($10)
  • Rural providers ($11.1)
  • Safety net hospitals ($13.1)
  • Reimbursement for uninsured COVID-19 patients ($2.9)
  • High COVID-19 Hospitals ($20.8)
  • Unallocated ($32.1)
  • Other ($1.6)
  • General grants to providers based on 2% revenue ($76.5)