$24.5B Phase Three Provider Relief Funding to be Distributed

Situation Report | December 21, 2020

Last week, the Health Resources and Services Administration (HRSA) announced it has completed review of Phase 3 applications from the Provider Relief Fund (PRF) program and will distribute $24.5 billion to over 70,000 providers.

Up from the $20 billion originally planned, the addition of another $4.5 billion in funding is being used to satisfy close to 90 percent of each applicant’s reported lost revenue.

This funding will distribute to providers up to 88 percent of their reported losses. However, over 35,000 applicants will not receive an additional payment either because they experienced no change in revenues or net expenses attributable to COVID-19, or because they have already received funds that equal or exceed reimbursement of 88 percent of reported losses.

Payments to Phase 3 applicants began on December 16 and continue as application quality reviews and recipient payment set up are completed before payment can be made.

See here a state-by-state breakdown on the first batch of Phase 3 payments. This data will be updated through January as Phase 3 payments are completed.