CMS- Change in Funding for COVID-19 Economic Impact

by  Find-A-Code™
Apr 27th, 2020

On Sunday night April 26, 2020, CMS announced they will no longer be "accepting any new applications for the Advance Payment Program, and CMS will be reevaluating all pending and new applications for Accelerated Payments in light of historical direct payments made available through HHS’ Provider Relief Fund."

The COVID-19 Pandemic has caused severe harm to hospitals and providers, mainly the economic impact on the healthcare system stopping elective procedures and office visits. For more information on how the government is working on addressing the economic damage across our healthcare system go to HHS.gov CARES Act Provider Relief Fund.

FACT SHEET: EXPANSION OF THE ACCELERATED AND ADVANCE PAYMENTS PROGRAM FOR PROVIDERS AND SUPPLIERS DURING COVID-19 EMERGENCY