April 27, 2020
CARES Provider Relief Fund Payment Portal is Now Open
Last week, the Department of Health and Human Services (HHS) announced additional plans for distributing funds from the CARES Act Provider Relief Fund and stated that $50 billion would be a “General Distribution” based proportionately on the provider’s 2018 net patient revenue. HHS would like the “General Distribution” to replace a percentage of a provider’s annual gross receipts, sales, or program service revenue.
Of that $50 billion, $30 billion has already been distributed to providers, and approximately $10 billion was scheduled to be released on April 24 to providers who have already shared key data with HHS. For those that received funds from the initial $30 billion and would like to receive additional funds, you must sign into the General Distribution Portal to provide revenue data. Providers must attest to each payment associated with their billing Taxpayer Identification Number(s) if they have not already done so. Providers will also need to attest to the Terms and Conditions for the first $30 billion, if not done already. At this time, this portal is only for organizations that have already received payments through the CARES Act Provider Relief Fund. Initially some states and specialties thought that physicians must also submit cost reports, but HHS has verified this is not the case. Physicians, however, do need to submit their revenue information so that it can be verified through the portal.
HHS has released a user guide to assist with this data submission process. One key element of the cost reporting is information from your tax returns. In addition, you will need your W-9 and Medicare or Medicaid ID number.
HHS will use this data to calculate your proportional 2018 net revenue and provide such funds via electronic deposit, with the goal of such deposit within 10 business days of the submission. Payments will go out weekly, on a rolling basis, as information is validated. HHS has stated that they will be processing applications in batches every Wednesday at 12:00 noon EDT. Funds will NOT be disbursed on a first-come-first-served basis; therefore, an applicant will be given equal consideration regardless of when they apply.
The total funds being provided in this round will consider any funds the provider previously received as part of the $30 billion distribution. Subsequent to the funds being deposited, within 30 days of receipt of the funds, a provider is requested to log onto the CARES Act Provider Relief Fund attestation portal to confirm receipt and agree to the Terms and Conditions. (Note: These Terms and Conditions are NOT identical to those for the $30 billion distribution.)
If a provider meets certain Terms and Conditions, the payments received do not need to be repaid. These Terms and Conditions can be found here.
For more information, please visit here or call the CARES Provider Relief line at (866) 569-3522.
The AMA has put together guidance to help physicians pull together the information they need to submit to the portal. Also, here is additional information from HHSregarding the distribution.
The Department of Health and Human Services (HHS) posted new Frequently Asked Questions regarding this second round of disbursements. Please note there is conflicting information about whether a provider who hasn’t previously received money from the first round of funding can apply for this round. The medical community is working to get clarification on this and other questions with HHS.