Phase 3 – HHS Earmarks Another $20 Billion to be Distributed to Eligible Recipients through the Provider Relief Fund

by | Oct 16, 2020

The Department of Health and Human Services (HHS) recently announced that they added $20 billion to the Provider Relief Fund (PRF) as part of phase 3 efforts to support healthcare organizations during this very trying year. Those who have previously applied for funding can apply for additional funds if they qualify.

According to the Centers for Disease Control, by the end of September, nearly 500 people per 100,000 will be hospitalized due to COVID-19. And according to the Financial Times, Texas recently overtook California in COVID-19 deaths. The challenges are expected to continue through the end of the year and possibly into the next.

Is Your Organization Eligible?

Phase 3 includes the number of health organizations eligible for funding. Eligible healthcare providers now include the following in addition to those who previously qualified:

  • Behavioral health providers,
  • Healthcare providers who started practicing in 2020, and
  • Those who already received, or were rejected for, payments from the General Distribution Provider Relief Fund.

How It Works

The HHS is strongly encouraging that eligible entities apply well before the November 6 deadline. The initial step in the process is to verify the entity’s TIN, which can take some time. Once the application is approved, applicants will receive what represents 2% of patient fees. As a general rule, this is measured based on 2019 revenue. For businesses who started in 2020, the 2% will be calculated on 2020 quarterly financials. Then, once the application deadline of November 6 has passed, the HHS will revisit all phase 3 applications and allocate a second batch of financial relief based on need and the amount of funds available for distribution.

You can find additional information atthe HHS.gov Cares Act Provider Relief Page.

Provider Relief Funding Phase 3 Deadline is November 6, 2020.

If your organization may qualify for these funds, we encourage you to consider the potential benefits along with the potential negatives. If you have questions, our team of healthcare experts is one call away. Reach out to speak with someone.

Revocable vs. Irrevocable Trusts: What’s the Difference?

Dec 30, 2025

Trusts are powerful estate planning tools, but not all trusts are created equal. In this video, we break down the key differences between revocable and irrevocable trusts, including control, tax treatment, creditor protection, and long-term planning implications. Whether you’re building a basic estate plan or preserving multigenerational wealth, understanding these two foundational trust structures is essential.

OBBBA: Middle-Market Business Changes

Dec 30, 2025

The One Big Beautiful Bill Act is redefining tax planning for middle-market businesses. Discover the five key changes impacting decisions today and shaping strategies for the future.

OBBBA: Opportunity Zones

Dec 17, 2025

Understand how the One Big Beautiful Bill Act reshapes Opportunity Zone incentives and what it means for your investments.

Using POD and TOD Accounts in Your Estate Plan

Nov 25, 2025

Discover how Payable-on-Death (POD) and Transfer-on-Death (TOD) accounts streamline the inheritance process, enabling beneficiaries to bypass probate and access assets swiftly. While these tools offer speed and cost-effectiveness, they come with potential pitfalls that could disrupt your estate plan if not carefully coordinated. Explore their benefits and drawbacks to ensure seamless asset distribution among your loved ones.

The Strategic Power of Charitable Lead Trusts: How Families Can Transfer Assets While Making an Impact

Nov 20, 2025

Charitable lead trusts offer families a powerful strategy to dramatically reduce estate taxes while transferring appreciating assets to the next generation and supporting charitable causes simultaneously. By leveraging today’s low interest rate environment, a $10 million CLT could potentially transfer $3.7 million or more to family members while creating a taxable gift of only $528,700. However, families must carefully weigh the substantial benefits against significant risks, including asset underperformance, irrevocable structure, and complex administrative requirements.

Maximizing Your Itemized Deductions Under the One Big Beautiful Bill Act: A Strategic Guide for 2026

Nov 18, 2025

The One Big Beautiful Bill Act has fundamentally reshaped the landscape of itemized deductions, creating both new opportunities and challenges for taxpayers who want to maximize their tax savings. While the SALT deduction cap increases to $40,000 and new charitable giving options emerge, taxpayers also face a new 0.5% AGI floor on charitable deductions and limitations that effectively cap itemized deduction benefits at 35% for high earners starting in 2026. Success under the new law requires strategic multi-year planning, including bunching deductions in alternating years and carefully timing major deductible expenses to avoid new limitations while maximizing available benefits.

Maximize Your Legacy While Minimizing Taxes: The Strategic Guide to Charitable Remainder Trusts

Nov 14, 2025

If you’re looking to support your favorite charitable causes while maintaining an income stream and achieving significant tax benefits, a charitable remainder trust (CRT) could be the perfect solution. This sophisticated estate planning tool allows you to convert appreciated assets into lifetime income while making a meaningful charitable impact—all while potentially saving thousands in taxes. Whether you hold highly appreciated stocks, real estate, or other valuable assets, a CRT offers a strategic way to diversify your holdings, reduce your tax burden, and create a lasting philanthropic legacy.