Becker's Healthcare June 29, 2020
HHS is working to distribute the billions of dollars in COVID-19 relief funding earmarked for providers in the Coronavirus Aid, Relief, and Economic Security Act that was signed into law in late March.
Below is a timeline of the relief fund distribution, allocation announcements from HHS:
April 10: HHS begins distributing $30 billion to providers across the U.S. based on their Medicare fee-for-service revenue. The $30 billion is from round one of the general distribution fund. Nearly 320,000 billing providers receive funding.
April 24: HHS begins distributing a second tranche of general distribution funds. This $20 billion in funding is earmarked to be distributed based on hospitals’ share of net patient revenue. About $9.1 billion was sent to 15,000...