The Department of Health and Human Services is distributing a long-awaited $ 7.5 billion tranche of COVID-19 relief to rural providers, the ministry said on Tuesday.
The latest disbursements from the Provider Assistance Fund, designed to help health care providers cope with the financial hardships of the pandemic, will go to more than 40,000 providers in 50 states, the District of Columbia and six territories.
“Healthcare providers in rural communities have been hit hard by the COVID-19 pandemic and continue to face significant financial hardship,” HHS Secretary Xavier Becerra said in a statement. news release… “This infusion will be critical to ensure rural communities have access to high-quality health care and to meet basic needs such as recruiting and retaining a workforce.”
Rural providers, many with small operating margins and struggling to stay afloat during the novel coronavirus outbreak, have been eagerly awaiting funding that Congress and President Joe Biden sanctioned in March.
The average allocation is US $ 170,000, with disbursements ranging from US $ 500 million to US $ 43 million. Fee is subject to Medicare, Medicaid, and Child Health Insurance Rural Beneficiary requirements from January 1, 2019 through September 30, 2020. Any provider who served at least one rural Medicare, Medicaid, or CHIP recipient during this period is eligible for funding.
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HHS is still processing applications, and about $ 1 billion has yet to be allocated to rural suppliers.
The largest payment, $ 43 million, will go to Baptist Health, a non-profit system based in Louisville, Kentucky that owns eight emergency hospitals in the state with a total capacity of over 2,700 beds.