If you’re a mental health professional with a private practice, please consider applying for the HHS Provider Relief Fund Subsidy equal to 2% of gross private practice revenue as reported on your most recently filed tax return. The deadline to apply is 9/13.
** A self-employed therapist with gross revenue of $350,000 would qualify for $7,000 subsidy. **
Are You Eligible?
It’s our understanding that some mental health practitioners can apply for this HHS sponsored subsidy.? More info can be found at: https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/for-providers/index.html. According to the instructions:
To be eligible to apply, the applicant must have either:
- Billed Medicare fee-for-service during the period of Jan.1, 2019-Dec. 31, 2019; or
- Be a Medicare Part A provider that experienced a change in ownership and billed Medicare fee-for-service in 2019 or 2020 that prevented the otherwise eligible provider from receiving Phase 1 General Distribution payment; or
- Billed Medicaid / CHIP programs or Medicaid managed care plans for health-related services between Jan. 1, 2018 – Dec. 31, 2019
Plus, HHS provides guidance in the Acceptance of Terms and Conditions available at: https://www.hhs.gov/sites/default/files/terms-and-conditions-medicaid-relief-fund.pdf and states: “The Recipient certifies that the Payment will only be used to prevent, prepare for, and respond to coronavirus, and that the Payment shall reimburse the Recipient only for health care related expenses or lost revenues that are attributable to coronavirus.”
So if your practice saw a decrease in revenues earlier this year, this subsidy can be used to repay the practice for ?lost revenues that are attributable to the coronavirus?.
How To Apply
Please apply for this HHS subsidy known as the Provider Relief Fund (PRF) at: https://cares.linkhealth.com/#/.
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