April 24, 2020
CMS Announces Second Wave of CARES Act Provider Relief Funding
CMS has announced how the second wave of funding from the CARES Act provider relief fund will be distributed. This second wave, which will total $20 billion, will be distributed on April 24th via direct deposit. HHS already distributed $30 billion from the relief fund on April 17th. The amount providers receive will be based off of the 2018 net revenue data they have submitted in CMS cost reports. Additional funding will also be provided for certain providers…
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