Please see the email below from the National Council for Behavioral Health on the impending deadline of November 6th for Phase 3 Provider Relief Funding. All eligible applicants are encouraged to apply.
Applying for federal funding from the Department of Health and Human Services (HHS) to help offset losses due to COVID-19 takes time and effort, and reporting requirements may seem daunting – especially when all hands are on deck providing care in a time of increased demand for your services.
The good news is the Phase 3 General Distribution Provider Relief Fund process just got a little easier.
Here is the bottom line: There is $20 billion in Phase 3 funding available for behavioral health organizations and less than two weeks left to apply.
Stakeholders shared feedback with HHS on reporting requirements and we are pleased to report our voices did not go unheard.
HHS released updated reporting requirements for Phase 3 to increase flexibility around how providers can apply PRF money toward lost revenues attributable to coronavirus. Now, after reimbursing healthcare related expenses attributable to coronavirus that were unreimbursed by other sources, providers may use remaining PRF funds to cover any lost revenue, measured as a negative change in year-over-year actual revenue from patient care related sources.
Applications for Phase 3 funding are being accepted now through November 6, 2020. We cannot stress enough the importance of applying.
Click here to review the policy update to the reporting requirements.
Please contact us if you have additional questions.