Posted Saturday, September 11, 2021
The Biden Administration is adding $17.7 billion into the Provider Relief Fund (PRF). This program was designed to help offset some of the financial burden of the pandemic.
The U.S. Department of Health and Human Services (HHS) and the Health Resources and Services Administration (HRSA) manage the PRF. The program was created via the CARES Act, which earmarked $175 billion to assist health care providers across the continuum. The amount of funds earmarked for each health care sector is based on a percentage of the Medicare reimbursement that a provider receives.
“This funding critically helps health care providers who have endured demanding workloads and significant financial strains amidst the pandemic,” said HHS Secretary Xavier Becerra. “The funding will be distributed with an eye towards equity, to ensure providers who serve our most vulnerable communities will receive the support they need.”
Click here for the full article.
For over 30 years, Corridor has partnered with home-based care providers, delivering powerful solutions to support the unique challenges of caring for patients in the home. Our team of operating executives, clinicians, and nationally renowned industry experts have run provider organizations and resolved the same challenges you face.
Focusing on key operational, regulatory and financial challenges, Corridor delivers solutions and deep expertise in coding, clinical documentation, compliance, billing and education.
To receive the most important industry updates, insights and news impacting home health and hospice, please make sure to sign up for our weekly newsletter.