Matt Wolfe was quoted in Home Health Care News on the federal government adjusting rules for how providers can use COVID-19 relief funding. The Department of Health and Human Services (HHS) recently announced providers can also use the funds to cover lost revenue not directly tied to the coronavirus.
“In September, when HHS put out guidance that seemed to limit or restrict these provider relief funds, there was understandably a significant amount of pushback by providers and members of Congress,” Matt said. “When [HHS] created this program under the CARES Act, they were really trying to make sure that health care providers of all stripes were able to respond to the public health emergency and keep their doors open.”
He says while the change is "a step in the right direction," there are still additional steps providers would like to see with the program.
“For example, it allows a provider to be able to show lost revenue attributable to the coronavirus, essentially by looking at 2019 patient-related revenue compared to 2020 patient-related revenue,” he said. “Depending on your operations in 2019, you may have had an acquisition or some other type of growth at the beginning part of 2020. You may have actually still lost revenue that isn’t dissipated revenue in 2020, but that simplistic comparison of 2019 to 2020 may not actually show that.”
Click here to read the full article: HHS Loosens Provider Relief Fund Restrictions, Allows Agencies to Cover Lost Revenue.
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