Congress approved $175 billion in emergency funding for hospitals, facing the costs of treating Covid-19 patients and cancelled procedures. The Department of Health and Human Services released new data on how the first set of payments was allocated.
Cash-crunched healthcare providers received their first emergency payments from the Department of Health and Human Services last month. So far, Congress has allocated a total of $175 billion in relief for healthcare providers to help them recoup losses tied to the Covid-19 pandemic.
HHS released new data sharing where those initial payments have gone. The first $50 billion in CARES Act funding was distributed to hospitals last month based on their patient revenue.
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Source: Medcity News