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ARTICLE · 30 OCTOBER 2020

Additional Updates To The Provider Relief Fund

Thompson Coburn LLP
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On October 22, 2020, HHS updated its reporting guidance to revise the methodology for calculating lost revenue and expanded the eligibility requirements for the Phase 3 distribution.

United StatesFinance and Banking
Nicole Jobe
Nicole Jobe
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On October 22, 2020, HHS updated its reporting guidance to revise the methodology for calculating lost revenue and expanded the eligibility requirements for the Phase 3 distribution.

Lost revenue calculation

On September 19, 2020, HHS stated that lost revenue would be calculated as the negative change in year-over-year net operating income from patient care related sources. After concerns were voiced from stakeholders and members of Congress, HHS decided to change how lost revenue is calculated to increase flexibility for providers. According to the October 22, 2020 Final Reporting Data Elements, after reimbursing healthcare related expenses attributable to coronavirus that were unreimbursed by other sources, providers may use remaining funds to cover any lost revenue, measured as a negative change in year-over-year actual revenue from patient care related sources.

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