COVID-19 Summary of Additional Hospital Funding Sources
Updated from original April 20, 2020 news post.
Below is a summary of additional hospital funding sources available to the healthcare community as result of the COVID-19 pandemic.
Direct and Indirect Funding That Impacts Hospitals
|
Description |
Estimated Amount |
Authority / Source |
Status |
CARES Act (H.R. 748) Provider Relief Fund Reimbursement to healthcare providers for expenses or lost revenue due to COVID-19 (Division B, Title VIII – DHHS,Public Health and Social Services Emergency Fund of $100B) |
$30B |
Initial Disbursement – Proportional Distribution to All Providers based on 2018 Net Patient Revenue |
Payments distributed via UHC beginning 4/10/2020, more info here.
|
| $20B | Second Disbursement – Proportional Distribution to AllProviders based on 2018 Net Patient Revenue | Payments distributed beginning 4/24/2020 | |
| $10B | Allocated to Hospitals Heavily Impacted by COVID-19 | DHHS is determining how to distribute these targeted funds |
|
| $10B | Allocated to Rural Providers | ||
| $400M | Allocated to Indian Health Services | ||
| $20B | To Be Determined(likely to be based on reimbursement for uninsured) | ||
| Reimbursement to providers for COVID-19 testing for uninsured patients | $1B |
Families First Coronavirus Response Act (H.R. 6201) Division F – Health ProvisionsSec. 6004 Coverage of COVID-19 Testing | DHHS is not yet accepting applications; timeframe unknown |
| Funding for grantees ofHospital Preparedness Program | $250M | Assistant Secretary for Preparedness and Response | HPP coalitions will distribute funds;timeframe unknown |
| Grants to hospital associations forpreparedness response | $50M | Assistant Secretary for Preparedness and Response | State hospital associations expected to distributefunds to hospitals in April |
2% Sequestration Adjustment temporary relief |
$2.8B |
CARES Act (H.R. 748)Title III – Supporting America’s Health Care System Sec. 3709 Adjustment of Sequestration | Effective for all Medicare claims with dates of service between May 1 to Dec 31, 2020(See Toyon’s calculation estimator) |
| 20% increase in reimbursement for Medicare COVID-19 hospital inpatients | Unknown |
CARES Act (H.R. 748)Title III – Supporting America’s Health Care System Sec. 3710 Medicare Add-on for COVID-19 Patients | Effective for all claims coded with COVID-19 ICD-10 diagnosis code (U07.1) throughoutPublic Health Emergency (PHE) period |
| 6.2% FMAP increase for Federal matching of Medicaid program funding via CPEs and IGTs | Unknown |
Families First Coronavirus Response Act (H.R. 6201) Division F – Health ProvisionsSec. 6008 Temporary Increase of Medicaid FMAP | Effective 1/1/2020 through end of quarter in which PHE ends |
Telehealth Funding Program |
$200M |
CARES Act (H.R. 748)Title V, Sec. 15002(c) Federal Communications Commission | Guidance on eligible providers and application process can be found here. |
Source: California Association of Public Hospitals and Health Systems, U.S. Dept of Health & Human Services
