The Trump Administration announced today that it is distributing an addition $10 billion to hospitals in regions that have seen a high number of COVID-19 cases.
These funds were appropriated by Congress and signed into law by the President as part of the CARES Act and Paycheck Protection Program and Health Care Enhancement Act.
The second round of funding announced today was based on a formula for hospitals with over 161 COVID-19 admissions between January 1 and June 10, 2020, or one admission per day, or that experienced a disproportionate intensity of COVID admissions (exceeding the average ratio of COVID admissions/bed). Hospitals will be paid $50,000 per eligible admission.
These funds will reach over 1,000 hospitals across the nation and builds on $12 billion in funding that was sent out in May to hospitals in hot spot regions.
“The top priority for HHS’s administration of the Provider Relief Fund has been getting support as quickly as possible to providers who have been hit hard by COVID-19,” Secretary Alex Azar said. “Because we’ve carefully targeted support, we can make payments to areas most in need as the pandemic evolves, like we are doing with this round of funds.”
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