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Second phase of stimulus money- HHS started distribution

The U.S. Department of Health and Human Services (HHS) has started distribution of the next $20 billion in financial relief for physician practices, groups and other health care delivery organizations that is part of the Coronavirus Aid, Relief and Economic Security (CARES) Act.

The relief comes under the Public Health and Social Services Emergency Fund in the CARES Act. The initial $30 billion in CARES Act relief was directed to hospitals and physician practices in direct proportion to their share of Medicare fee-for-service spending.

Payments from this  $20 billion are calculated so that a physician practice or group’s allocation from the entire $50 billion general distribution is in proportion to its 2018 net patient revenue. As detailed in an HHS fact sheet shared on the AMA website, all physician practices or groups are required to submit revenue information to the provider portal for later verification.

The fact sheet also explains what the payments can be used for, how the payments will be distributed, and what action physician practices, groups and other recipients should take—whether they get paid automatically or not. Those who don’t get paid automatically should visit the CARES Provider Relief Fund Payment Portal and follow the instructions on how to claim the second general distribution.

SOURCE: ama-assn.org