Thursday, December 24, 2020
On Monday, December 21, Congress enacted a $900 billion stimulus package that includes support for American health care providers and patients impacted by COVID-19, and additional funding for COVID-19 mitigation and vaccination.
The complete stimulus package contains a significant number of health care measures. The following is not intended to be a comprehensive review of all these measures, but rather a highlight of those that we feel may be of particular importance or interest to our clients.
Support for Providers and Hospitals
Provides $3 billion to the Provider Relief Fund, a source of funding to health care service providers who have lost revenue due to COVID-19; allows the federal Department of Health and Human Services (HHS) to distribute 85% of the grants through a process that will prioritize, among other things, a provider’s financial loss.