Healthcare providers now have 45 days from the date they receive a payment to attest and accept the terms and conditions or return the funds. Providers previously had 30 days to complete those tasks.
With the extension, HHS said not returning the payment within 45 days of receipt will be viewed as acceptance of the terms and conditions.
Since March, Congress has allocated $175 billion in relief aid for healthcare providers to cover expenses or lost revenues tied to the COVID-19 pandemic. The first $50 billion in funding from the CARES Act was delivered to hospitals last month. HHS distributed $30 billion based on Medicare fee-for-service reimbursements and another $20 billion based on hospitals’ share of net patient revenue.
More articles on healthcare finance:
14 health systems receiving biggest CARES Act payments
Hospitals expect $200B hit from COVID-19 over 4 months
HHS doling out $22B to COVID-19 hotspots, rural hospitals
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