The ADA has recently announced that dental Medicaid providers will be included as eligible recipients for the Cares Act Provider Relief Fund through the Department of Health and Human Services. There is $15 Billion set aside for Medicaid and CHIPs providers. The payments to providers will be at least 2% of reported gross revenue from patient care. The final amount will be determined after data is submitted, including information about the number of Medicaid patients providers serve.
Our biggest concern was whether this Funding would interfere with the PPP Loan – and it appears to not per the FAQ below:
- QUESTION: If a provider secures COVID-19-related funding separate from the Provider Relief Fund, such as the Small Business Administration’s Paycheck Protection Program, does that affect how they can use the payments from the Provider Relief Fund? Does accepting Provider Relief Fund payments preclude a provider organization from seeking other funds authorized under the CARES Act? (Added 5/29/2020)
- ANSWER: There is no direct ban under the CARES Act on accepting a payment from the Provider Relief Fund and other sources, so long as the payment from the Provider Relief Fund is used only for permissible purposes and the recipient complies with the Terms and Conditions. By attesting to the Terms and Conditions, the recipient certifies that it will not use the payment to reimburse expenses or losses that have been reimbursed from other sources or that other sources are obligated to reimburse.
These payments may be automatically sent out to providers. If you have received a payment, then you must log in at the link below to sign an attestation and submit requested data. Once funds have been received, you are expected to comply with the below terms and conditions.
If you have not received funds automatically (it is our understanding that dentists did not receive these funds automatically), then we suggest you contact your Medicaid representative to inquire about how to apply. The application process should open up at 5:00 pm today, June 10th. If you do not see Medicaid patients in your office then this will not apply to you and no action is needed.