HHS: Here’s How Remaining $70b in COVID-19 Funding Will Be Distributed to Providers

The U.S. Department of Health and Human Services (HHS) allocated $30 billion to providers out of a $100 billion pot passed in an economic stimulus package by Congress a few weeks ago.

Here is how the remainder will be allocated in the coming weeks:

• $20 billion to providers that will build on the general $30 billion and will be based on net patient revenues from 2018. The initial $30 billion was allocated based on historical Medicare spending, but the $20 billion will be based on all sources;
• $10 billion to hospitals in areas hit hard by the COVID-19 outbreak such as New York;
• $10 billion to rural hospitals, many of which are already in financial distress; and
• $400 million to Indian Health Service facilities.

The remaining money will be allocated in several different ways.

HHS Secretary Alex Azar said on a call with reporters on Wednesday the agency will distribute money for skilled nursing facilities and providers that rely primarily on Medicaid.

Source: https://www.fiercehealthcare.com/hospitals-health-systems/hhs-shares-details-how-to-distribute-remaining-70b-covid-19-funding-to