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HHS Increases Phase 3 PRF by $4.5B -

17 December, 2020
HHS Increases Phase 3 PRF by $4.5B -

The Health Resources and Services Administration (HRSA) announced on December 16, 2020 that they will distribute $24.5 billion to over 70,000 providers from Phase 3 of the Provider Relief Fund (PRF) program. This is an increase of $4.5 billion from the original $20 billion that they had planned on distributing. HHS stated that the additional $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.”

HHS has also indicated that it will not send additional payments to more than 35,000 applicants, either because they have experienced no change in revenues or net expenses associated with COVID-19, or because they have already received funds that equal or exceed a threshold of 88 percent of reported losses.

According to the press release, the additional payment distributions started on December 16 and will continue through January 2021. A state-by-state breakdown on the first batch of Phase 3 payments can be found here.

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