The United States Department of Health and Human Services (HHS) announced that the completed review of the Phase 3 Provider Relief Fund (PRF) applications will result in over $24.5 billion in distributions to over 70,000 providers. Up from the $20 billion originally planned, the addition of another $4.5 billion in funding is being used to satisfy close to 90 percent of each applicant’s reported lost revenues and net change in expenses caused by the coronavirus pandemic in the first half of 2020. Payment distribution started on December 16 and will continue through January, 2021.
As with other General Distributions, applicants that have not already received a baseline payment of 2 percent of annual revenue from patient care were eligible to do so. Recognizing the ongoing challenges for providers, HHS enhanced the Phase 3 distribution to consider the actual revenue losses and expenses experienced by providers that were attributable to COVID-19. With this opportunity, previously eligible PRF applicants were invited to apply for additional funding, along with first time applicants. This funding will distribute to providers up to 88 percent of their reported losses.
South Dakota Providers will receive 128 payments totaling $12,945,760. A breakdown of state by state payments is available on the HHS website.
A HHS press release regarding the Phase 3 distribution is available at here.
