According to the ADANews at: https://www.ada.org/en/publications/ada-news/2020-archive/december/hhs-provider-relief-fund-phase-3-payments-underway:
The U.S. Department of Health and Human Services said Dec. 16 that the next round of Provider Relief Fund distributions is now underway.
The Provider Relief Fund was established by the Coronavirus Aid, Relief and Economic Security Act — known as the CARES Act — to help dentists and other health care providers recover lost revenue and net changes in expenses due to the COVID-19 pandemic. During the Phase 3 round of funding, the program is expected to distribute more than $24 billion to more than 70,000 providers, according to an HHS news release. That number was about $4 billion higher than originally expected.
HHS added that they “enhanced the Phase 3 distribution to consider the actual revenue losses and expenses experienced by providers that were attributable to COVID-19. With this opportunity, previously eligible PRF applicants were invited to apply for additional funding, along with first time applicants…this funding will distribute to providers up to 88% of their reported losses [over and above any PRF Phase-2 funds received].”
Starting on December 16th, many of our clients started to see their HHS PRF Phase-3 Subsidy pop up in their practice bank accounts. If you applied for this Phase-3 Subsidy but did not receive any funds yet, please contact HHS soon.
According to HHS: If you have already submitted your application, you should have received confirmation regarding your application status. If you have additional questions, please contact the provider support line at (866) 569-3522; for TTY dial 711. Hours of operation are 7 a.m. to 10 p.m. Central Time, Monday through Friday.
And don’t forget that all recipients of Provider Relief Fund (PRF) payments are required to comply with the reporting requirements between 1/15/21 and 2/15/21 as described in the Terms and Conditions and specified in future directions issued by the Secretary.
- January 15, 2021: reporting system opens for providers
- February 15, 2021: first reporting deadline for all providers on use of funds
- July 31, 2021: final reporting deadline for providers who did not fully expend PRF funds prior to December 31, 2020
For more info about the HHS Provider Relief Fund subsidies, please view the summary of reporting guidelines for payments exceeding $10,000 – PDF or the Final Reporting Data Elements – PDF.