For more information about how to apply for, receive, and manage your hospital’s grant program, please contact us.
The CARES Act passed by Congress in March benchmarked $100 billion in funding to prop up U.S. hospitals struggling with the financial effects of the coronavirus pandemic. This first wave of dollars will be apportioned in grants to hospitals based off their Medicare revenue, with "no strings attached", Seema Verma said.
"The government will directly deposit the money into some hospitals' banks accounts if possible, but other providers may have to register to receive their share. Some $64 billion in aid flowed into the healthcare system during the week of 4/6 alone", Verma said
"This is not on a first-come, first-serve basis. We are basing this on the hospitals' Medicare revenue," Verma said regarding the first wave of funding. "They will get these dollars. Even if it takes a few days, there shouldn't be any panic in the system."
For more information about how to apply for, receive, and manage your hospital’s program, please contact us.
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Today, @HHSGov is beginning the immediate distribution of $30 billion to hospitals and healthcare providers across the entire country that have been impacted by #COVID19, the first installment of $100 billion provided by Congress. https://t.co/P3b5N20NpC— Secretary Alex Azar (@SecAzar) April 10, 2020