COVID-19 relief funding can be used for vaccine distribution + 5 other updates

HHS has actually upgraded its regularly asked concerns page to clarify how medical facilities and health systems can use federal COVID-19 relief financing.

Congress designated $175 billion in funding this spring to companies to balance out sustained expenditures and lost incomes attributed to the COVID-19 pandemic. HHS has constantly upgraded assistance about these grants and issued numerous clarifications Oct. 28..

Here are 6 information:.

Alia Paavola –
Tuesday, November 3rd, 2020

1. HHS said the grants must be used in full by June 30, 2021..

2. The grants can be used to fund vaccine circulation. HHS said providers can use it to purchase storage supplies and balance out transport costs or workers costs. The funds cant be used to help pay for getting the vaccine doses..

3. HHS restated that providers need to calculate lost earnings by comparing earnings from all of 2019 to 2020. The firm stated the change was made to revenue-reporting rules so companies do not become more rewarding than 2019..

Companies can use the funds to offset some worker incomes, HHS stated. Specifically, companies can use the funds to pay part-time or full-time direct employee incomes, agreement labor and momentary employee costs as long as they are not compensated from other sources.

5. In the event that a provider is returning relief funds and the funds were held in an interest-bearing account, companies must return the accrued interest.

6. HHS will enable suppliers a chance to submit remedied data as part of the COVID-19 high impact area circulation or retirement home quality incentive payment. Service providers should send remedied data approximately 5 business days after the submission due date and a validation for why the data was inaccurate..

Find out more of the guidelines here..

HHS will permit companies an opportunity to send fixed data as part of the COVID-19 high effect area distribution or nursing home quality reward payment.

HHS said suppliers can utilize it to buy storage supplies and offset transportation expenses or personnel costs. Companies can use the funds to offset some employee wages, HHS stated. Specifically, suppliers can use the funds to pay part-time or full-time direct employee incomes, contract labor and short-term employee costs as long as they are not reimbursed from other sources. Service providers cant utilize the funds to pay incomes in excess of $197,300.

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