Educating lawmakers and their staff about the critical needs of the senior living industry remains a top priority. As such, we will be holding a virtual Senior Living Congressional Briefing on Thursday, November 19.
Sharing a reminder that today marks the deadline to apply for CARES Act Provider Relief Funding through HHS’ Phase 3 General Distribution. No applications will be accepted after 11:59pm ET tonight.
Topics: Funding
Nick Uehlecke, Advisor to HHS Secretary Azar, led a Q&A today with senior living providers regarding the CARES Act Provider Relief Fund application and addressed process complications. Click below to access a recording of that call:
Please note: This recording is off the record and closed to media.
Topics: Funding
Today, HHS issued an announcement that it has revised the Provider Relief Fund (PRF) reporting requirements and broadened the definition of “lost revenue”.
Topics: Funding
In the coming days, we'll be hosting important member-only webinars on COVID-19. We encourage you to join us to be sure you have the latest details on applying for Provider Relief Fund Phase 3 funding (10/21); testing (10/26); and compliance with Provider Relief Fund payments (11/9).
This week, Jim Parker, Senior Advisor to the Secretary for Health Reform at HHS, spoke to Argentum’s Executive Advisory Board (EAB) about COVID-19 relief funding for assisted living communities. Members of the EAB had an opportunity to ask questions regarding the Phase 3 General Distribution from the Provider Relief Fund. This distribution of $20 billion was announced on October 1 and is open to all eligible providers from earlier Provider Relief Fund distributions.
Parker indicated that the Phase 3 distribution is meant to bring all qualified providers to a “baseline” distribution equivalent to 2% of revenue for a single year. Additionally, once that threshold has been met for all applicants, HHS will develop a methodology to disburse the remaining funds.
Topics: Funding
On October 1, HHS announced the next phase of funding from the Provider Relief Fund, for which assisted living providers are eligible. This funding, which includes $20 billion for providers on the front lines of the pandemic, is intended to offer the opportunity for providers that have already received funding to apply for additional funding based on financial losses and changes in operating expenses as a result of COVID-19. According to HHS, it is “designed to balance an equitable payment of 2% of annual revenue from patient care for all applicants plus an add-on payment to account for revenue losses and expenses attributable to COVID-19.”
Topics: Funding
