The U.S. Department of Health and Human Services (HHS) recently announced two new targeted distributions from the CARES Act Provider Relief Fund (the Provider Relief Fund) to assist in the response to the medical and economic consequences of the COVID-19 pandemic:
- $15 billion to Medicaid and CHIP providers that have not yet received a payment under the Provider Relief Fund General Distribution.
- $10 billion to safety net hospitals.
This funding is a result of the bipartisan CARES Act and the Paycheck Protection Program and Health Care Enhancement Act, which together allocated $175 billion in relief funds to hospitals and other healthcare providers, including those disproportionately affected by this pandemic. Read more here.