CARES Act Provider Relief Fund

HHS has begun distributing the remaining $20 billion of the $50 billion general distribution to Medicare providers to augment providers’ allocations so that the whole $50 billion general distribution is allocated proportional to providers’ share of 2018 net patient revenue. These are payments, not loans, to healthcare providers, and will not need to be repaid.

This figure is based on Medicare reimbursement in 2019. We suggest that you contact your lawyer or tax adviser to best answer any questions you may have regarding what your role is for accepting this stimulus and agreeing to the terms and conditions set forth by HHS. HHS broadly views every patient as a possible case of COVID-19. SNVBiLL will need to know if you have accepted, as we will be creating an adjustment code to write off the COVID19 copays so this can show that you have this in an accountability report of proving the funds going to this aspect in the terms.

If a patient has no insurance and was treated by you for COVID19, there is online a portal we can sign up for to submit a claim for this information and is paid at the Medicare rate and we will review any charges retroactive to February 4, 20200 and ongoing to do this.

“Every health care provider who has provided treatment for uninsured COVID-19 patients on or after February 4, 2020, can request claims reimbursement through the program and will be reimbursed at Medicare rates, subject to available funding”

Steps will involve: enrolling as a provider participant, checking patient eligibility and benefits, submitting patient information, submitting claims, and receiving payment via direct deposit.

Providers can register for the program on April 27, 2020, and begin submitting claims in early May of 2020. For more information, visit SNVBiLL will register and submit the claims on your behalf that may apply for noninsured related COVID-19.

As a condition, providers are obligated to abstain from “balance billing” any patient for COVID-19 related treatment.”

Please follow the link below for your further information: