From the $175 billion provider relief fund, HHS announced this morning that they have allocated an additional $4.9 billion in direct provider relief for Skilled Nursing Facilities (SNFs). HHS has determined the following distribution methodology for SNFs:
- HHS will make relief fund distributions to SNFs with six or more certified beds based on both a fixed basis and variable basis.
- Each SNF will receive a fixed distribution of $50,000 plus a distribution of $2,500 per bed.
Consistent with all HHS distributions to this point, nursing home recipients must attest that they will only use Provider Relief Fund payments for permissible purposes, as set forth in the Terms and Conditions, and agree to comply with future government audit and reporting requirements. For further details, you can find the full press release here: https://www.hhs.gov/about/news/2020/05/22/hhs-announces-nearly-4.9-billion-distribution-to-nursing-facilities-impacted-by-covid19.html.
There are reports that distributions began hitting accounts already. So, be on the lookout and let us know if we can be of any assistance