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Portal open to apply for $15 billion in federal funding for Medicaid & CHIP providers

The Centers for Medicare and Medicaid Services (CMS) is planning a targeted distribution of approximately $15 billion for Medicaid and CHIP providers who did not receive payments through the general distributions. Criteria for the distribution can be found here. The payment to each provider will equal approximately 2% of reported gross revenue from all payer sources from patient care for calendar year 2017, 2018 or 2019, as selected by the applicant and accompanying submitted tax documentation. Permissible uses of the funds include health-related expenses to prevent, prepare for and respond to COVID-19, as well as lost revenues attributable to COVID-19. Applications are due July 20 via the CARES Act Provider Relief Fund Portal.  Detailed application instructions can be found here. CMS has indicated these payments will be disbursed on a rolling basis and should received by providers by the end of August.