On October 1, 2020, under the leadership of President Trump, the U.S. Department of Health and Human Services, through the Health Resources and Services Administration, announced $20 billion in new funding for providers on the frontlines of the coronavirus pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund payments will be invited to apply for additional funding that considers financial losses and changes in operating expenses caused by the coronavirus. Previously ineligible providers, such as those who began practicing in 2020 will also be invited to apply, and an expanded group of behavioral health providers confronting the emergence of increased mental health and substance use issues exacerbated by the pandemic will also be eligible for relief payments. Providers can begin applying for funds on Monday, October 5, 2020.
To learn more about this update in provider relief funding, please visit the U.S. Department of Human & Health Services website. For any questions, please contact your Somerset advisor at 317-472-2200 or .