News Digest: Availability of Additional $25.5 Billion in COVID-19 Provider Funding

The Department of Health and Human Services (HHS) will be making $25.5 billion in new funding available for healthcare providers impacted by the COVID-19 pandemic.

Why it matters: Fire/EMS providers can submit an application to receive these funds and get additional financial relief to make up for lost revenue and increased expenditures as a result of the pandemic.

Who is impacted: Smaller and rural providers.

Go deeper: Read the full HHS Press Release Here. For more context check out this article from Healthcare Finance News or this link the American Ambulance Association article.

You should know:
Funding is available through the Health Resources and Services Administration (HRSA). This funding is targeted for rural and smaller providers. It includes:

  • $8.5 billion in American Rescue Plan Act (ARPA) for providers who service rural Medicaid and Medicare Patients,
  •  $17 billion for Provider Relief Fund (PRF) Phase 4 for providers who can document revenue loss and expenses associated with the pandemic between July 1, 2020 – March 31, 2021.

Application: Combined application for ARPA and PRF will open on September 29, 2021. More info is available on HRSA Future Payments web page.

Posted by Rachel Ray

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