How the $175 Billion HHS Relief Funds Can Help You

The HHS relief fund may be perfect for those healthcare providers still dealing with the direct or indirect ramifications that Covid has caused, you may soon be able to get some additional financial support from HHS. According to the HHS relief fund:

The Department of Health and Human Services (HHS) has announced $175 billion in relief funds, including to hospitals and other healthcare providers on the front lines of the coronavirus response as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Paycheck Protection Program and Health Care Enhancement Act. This funding, along with additional relief funding outside of the CARES Act, supports healthcare-related expenses or lost revenue attributable to COVID-19 and ensures uninsured Americans can get treatment for COVID-19. This site is open to all providers who want to apply for a Provider Relief Fund payment, regardless of network affiliation or payer contract. HHS is contracting with UnitedHealth Group to facilitate delivery of the funds.

HHS plans to make publicly available the names of payment recipients and the amounts received, for all providers who attest to receipt of a payment and acceptance of the Terms and Conditions or who retain payments for more than 90 days and are deemed to have accepted the Terms and Conditions. By accepting funds, the recipient consents to the Department of Health and Human Services publicly disclosing the payments that recipient has received from the Relief Fund.

If you’re a practice considering entertaining utilizing the funds available through HHS to better your practice or situation then below are the 3 things you will need to do to apply for the HHS relief fund.

3 Things You’ll Need to Do to
Get HHS Relief Funds

1. Validate Taxpayer Identification Number (TIN)

This should be the organization TIN (“Filing TIN”) you will use in applying for relief funds. An Organization TIN files a tax return but may not bill Medicare or Medicaid directly. The Organization TIN may have one or more subsidiaries that do not file tax returns (disregarded or consolidated entities).

The Organization TIN should complete an application by listing all of the subsidiary TINs in the applicable field within the application form. TIN Validation can take 1-2 business days to process.Important! Only one person can serve as the program administrator per TIN. This administrator accepts responsibility to act on behalf of their organization and must agree to make their name available to others within their organization.

This person may reassign or transfer their administrator role to a new individual in their organization with an Optum ID at any time by calling (866) 569-3522: for TTY dial 711. New administrator processing can take 1-2 business days to complete.

2. Confirm Revenue and Tax information

You will need to provide specific revenue and tax information through the portal once TIN Validation is complete. Most likely you’ll want to provide information related to your 2019 revenue.

3. Receive and Attest to Payment

Within 90 days of receiving this payment, you must sign an attestation confirming receipt of the funds and agreeing to the Terms and Conditions of payment. Should you choose to reject the funds, you must also complete the attestation to indicate this. The CARES Act Provider Relief Fund Payment Attestation Portal will guide you through the attestation process to accept or reject the funds. Not returning the payment within 90 days of receipt will be viewed as acceptance of the Terms and Conditions.

Why Seek Provider Relief?

If you’re a practice who has been affected in any way as most practices have then it makes sense to consider your options for relief funds that may be available to you. We encourage you to find out sooner than later as application deadlines are on July 20th, 2020.

To apply, visit this link.

To learn more about how OneMedAll can help you practice smarter and live better, download our FREE 43-page report on the best kept secrets to practice profitability.

Author:
Kevin Steineman is a Digital Marketer, Entrepreneur, and Producer. Find out more about Kevin @KSteineman on Instagram, Facebook and wherever your heart desires. Be sure to also check out our Dental News Site - The Daily Floss!

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