Comments Courtesy of Matt Zavadsky
For those who may have missed it, the American Ambulance Association hosted a webinar and Facebook live event last evening explaining the recent Phase 3 distribution of Provider Relief Funds (PRF). Scott Moore, Brian Werfel and Asbel Montes did a wonderful job explaining the Phase 3 distribution, and answering many questions from the attendees.
We strongly encourage all ambulance suppliers and providers to watch the recording of the webinar, which is available here è https://www.youtube.com/watch?v=ne-7ka2Vw6Q&t=42s
HHS recently announced the distribution of funds for Phase 3 under the COVID-19 Provider Relief Fund. According to the announcement, “ambulance or transportation service providers will be receiving $1.48 billion in Phase 3 funding”. The funding is in addition to the approximately $350 million distributed to ambulance service providers and suppliers under Phase 1 and 2 for a total of $1.83 billion. The American Ambulance Association has been tirelessly advocating for a total of $2.89 billion in relief for our industry.
The new funds are being distributed to those providers and suppliers who applied for funds under Phase 3. The funds cover lost revenue and increased expenses incurred during the first and second quarters of 2020 due to the COVID-19 pandemic.
The funding under Phase 3 is intended to cover up to 88 percent of losses so those applicants who previously reached that threshold will not receive any funds under the latest round. While the AAA encouraged members to apply for Phase 3 even if they did not believe they would be eligible for additional funds, we will be pushing for another round of funds to enable those who didn’t apply to receive additional relief.