The U.S. Department of Health and Human Services (HHS) has announced $20 billion in new funding for providers related to the coronavirus pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund payments are eligible to apply for additional funding that considers financial losses and changes in operating expenses caused by the coronavirus. Previously ineligible providers, such as those who began practicing in 2020 will also be allowed to apply, and an expanded group of behavioral health providers confronting the emergence of increased mental health and substance use issues exacerbated by the pandemic will also be eligible for relief payments.
Application Deadline
Providers will have from October 5, 2020 through November 6, 2020 to apply for Phase 3 General Distribution funding
QUESTIONS? JOIN PEARCE BEVILL FOR A ZOOM MEETING ON OCTOBER 21, 2020
We will be discussing updates to the PPP Program, Payroll Tax Credits, and HHS Provider Relief Funds.
Time: 5:30pm- 7:00pm
Topic Leaders: Justin Berry, CPA and Jerry Callahan, CPA
The Program will be divided into two sessions:
Session 1: will cover the operational updates, reporting deadlines and tax reporting associated with all businesses who received a PPP) Payroll Protection Program) loan and a general discussion of the payroll tax credits for eligible businesses and will last 45 minutes including Q&A.
Session 2: will be specific to healthcare entities that have previously received or believe they are eligible to apply for the third phase of HHS relief funds, reporting requirements and deadlines.
If you would like to attend, please email Joy Breedlove, Marketing Director at jbreedlove@pearcebevill.com with your Name, Title, and Organization.
Deadline to register is October 20, 2020.
