Hospice Fundraising Drop Considered Lost Revenue for Provider Relief Fund

Posted Monday, December 7, 2020

 The Department of Health and Human Services (HHS) announced that hospices can include reduced fundraising and philanthropic dollars as lost revenue in their applications to the Provider Relief Fund.

“After reimbursing health care-related expenses attributable to coronavirus that were unreimbursed by other sources, providers may use remaining [provider relief funds] to cover any lost revenue, measured as a negative change in year-over-year actual revenue from patient care-related sources,” HHS officials said in the letter. “PRF funds may be used to reimburse lost revenue attributable to coronavirus, and lost fundraising and thrift store revenue may qualify as reimbursable lost revenue.”

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