On September 29, the Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), will start accepting applications for Phase 4 of the Provider Relief Fund (PRF).
Included in this round is $25.5 billion in new funding for providers affected by the COVID-19 pandemic, specifically those who serve rural Medicaid, Children’s Health Insurance Program (CHIP), or Medicare patients, in addition to providers who area able to document revenue loss and increased operating expenses associated with the pandemic. Lost revenue and expenses will be calculated from the period of July 1, 2020, to March 31, 2021. To see if you qualify for areas deemed “rural,” view the Rural Health Grants Eligibility Analyzer on the HHS website.
To prepare for this round, you will need a copy of your most recent tax returns as well as financial statements from the second half of calendar year (CY) 2020 and the first quarter of CY 2021.
In addition to this new round of funding, HHS is announcing a final 60-day grace period to help providers come into compliance with their PRF Reporting requirements if they fail to meet the deadline for the first PRF Reporting Time Period on September 30.