Anesthesia Industry eAlerts
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SPECIAL ALERT: Federal Government Grants $30 Billion to Providers
April 10, 2020
In an effort to help financially struggling practices during the COVID-19 crisis, the government has begun sending funds directly into the bank accounts of solo practitioners and medical groups. Here are the highlights:
- These are grants and do not have to be repaid. (This initiative is NOT part of the Advanced Payment Program.)
- There is no application process. The funds will be received beginning today, April 10, and over the next few days.
- These automatic payments will come to providers via Optum Bank with "HHSPAYMENT" as the payment description.
- The payment amount will be based on a government calculation involving a percentage of your 2019 Medicare receipts.
- You must agree to the terms and conditions of the grant by attesting within 30 days of receiving the funds. Among the conditions is your agreement not to balance-bill COVID-19 patients. The attestation can be done via the Medicare portal, and the full terms and conditions can be reviewed here.
We stand ready to assist you if you have questions concerning this federal grant initiative. Please contact your account executive or visit https://www.hhs.gov/provider-relief/index.html.
