Beginning September 29, 2021, healthcare providers will be able to apply for $25.5 billion in relief funds, including $8.5 billion in American Rescue Plan (ARP) resources for providers who serve rural patients and $17 billion for Provider Relief Fund (PRF) Phase 4 for a broad range of providers who can document revenue loss and expenses associated with the pandemic.
The application is essentially the same as the Phase 3 distribution. Physicians will be reimbursed for their revenue losses and increased COVID-related expenses from July 1, 2020, through March 31, 2021 (as compared to revenues in 2019). There will be bonus payments for physicians treating Medicaid/CHIP patients. Small practices will receive a higher percentage of their lost revenues and increased expenses. Providers practicing in rural underserved areas will also receive additional funding. These bonus payments will automatically be applied by HHS.
HHS is also 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.
Once HHS receives the applications, the funding will be distributed based on the total requests received. The California Medical Association (CMA) urges physicians to get their applications in as soon as the portal opens on September 29.