Feds Release $20 Billion in CARES Act Funds, Hospice Portion Unclear

POSTED ON MONDAY, APRIL 27, 2020 12:45 PM

The U.S. Department of Health & Human Services (HHS) is distributing an additional $20 billion in funds from the CARES Act to help health care providers who have been financially hurt by the pandemic. Unfortunately, the amount of this installment that would go to hospices is unknown.  In the initial $30 billion that was distributed, about $1 billion was expected to go to hospices.

“Our goal in all of the decisions we’re making is to get the money from the Provider Relief Fund out the door as quickly as possible while targeting it to those suffering the most from the pandemic,” HHS Secretary Alex Azar said. “We will continue using every regulatory and payment flexibility we have to help providers continue doing their vital work until we’ve defeated this virus.”

Click here for the full article.

 

About Corridor

Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliancebilling and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!

For additional information, please contact Corridor at 1-866-263-3795.

Explore Corridor’s Solutions

Share This Story, Choose Your Platform!