HHS Announces $20 Billion in Phase 3 Provider Relief Funding

On October 1, the U.S. Department of Health and Human Services announced $20 billion in additional funding as part of its Phase 3 Provider Relief Fund. This large push from the government is meant to (a) ensure that all eligible providers who received prior provider relief distributions have a balanced equitable payment equal to 2% of each such provider’s annual revenue from patient care, (b) provide additional payments to eligible providers to account for revenue losses and expenses attributable to COVID-19, and (c) broaden the eligibility of the funding to include behavioral health providers, including addiction counseling centers, mental health counselors, and psychiatrists. Provider applications will be accepted from October 5, 2020 through November 6, 2020.