Immediate Dispersion of $30 Billion into Healthcare System

Posted 4/15/20 (Wed)

If you qualify, now is the time to check for payment

The Department of Health and Human Services (HHS) announced on Friday, April 10, the immediate disbursement of the first $30 billion out of the $100 billion that Congress allocated to hospitals, physicians and other health care providers in the Public Health and Social Services Emergency Fund in the Coronavirus Aid, Relief and Economic Security (CARES) Act.

Based on information received from the U.S. Department of Health and Human Services, North Dakota is on track to receive $91,064,579 in funds from the $30 billion disbursement.
 
This initial $30 billion is being directed to hospitals and physician practices in direct proportion to their share of Medicare fee-for-service spending (FFS).
 
All facilities and health professionals that billed Medicare FFS in 2019 are eligible for the funds. These are grants, not loans, and do not have to be repaid.
 

WHAT TO EXPECT

Funds will go to each organization's TIN which normally receives Medicare payments, not to each individual physician.

The automatic payments will come to the organizations via Optum Bank with "HHSPAYMENT" as the payment description.

 
Additional details about the allocation are available HERE.
 
The website also includes a link to Terms and Conditions for receipt of the funds that each organization receiving the grants will need to attest to within 30 days of receiving the grant. Funds may be used either for health care related expenses or for lost revenues that are attributable to coronavirus.