Healthcare emergency funding distribution.
The latest round of stimulus funding includes $75 billion more in healthcare bailout money, which brings total funding to $175 billion.
Here’s where all the emergency healthcare funding has gone so far:
- Phase 1: $30 billion to hospitals based on historical Medicare fee-for-service revenue
- Phase 2: $20 billion to hospitals based on 2018 total net patient revenue. $10 billion for pandemic hot spots, $10 billion for rural health providers, and $400 million for the Indian Health Services
- Yet to be distributed: $105(ish) billion.
Other healthcare emergency funding things to know.
With this new $75 billion increase in bailout money, CMS is now suspending its accelerated payment program to providers.
- On another interesting note, rural hospitals are now eligible for small business loans after worries of being ‘crowded out’ of bailout funding.
More: Which hospitals have received bailout funds, and how much? Also, some of the CARES act funding went to closed hospitals, according to ModernHealthcare.