ADA Announces New Stimulus Opportunity For Dentists
According to the ADA on July 10th at: https://www.ada.org/en/publications/ada-news/2020-archive/july/hhs-opens-provider-relief-fund-to-dentists:
HHS opens Provider Relief Fund to dentists
July 10, 2020 By Mary Beth Versaci
Dentists who were previously ineligible for relief can now apply to receive funding from the U.S. Department of Health and Human Services’ Provider Relief Fund. The American Dental Association worked closely with HHS and the Health Resources and Services Administration, which administers the fund, to implement this for dentists. As a result of this advocacy, eligible dentists will receive a reimbursement of 2% of their annual reported patient revenue.
Dentists have until July 24 to apply for funding through the Enhanced Provider Relief Fund Payment Portal. The fund already was open to Medicaid and Children’s Health Insurance Program dental providers.
“The ADA Council on Government Affairs was proud to advocate for this important funding that will provide badly needed relief to dentists during the pandemic. We thank HHS for their support,” said Dr. Phillip Fijal, council chair.
We have had at least one client who started the application process. Doesn?t seem too bad.? To apply you will need to know the EIN for your practice, the NPI for your practice (which you can look up at this NPI Lookup site:? https://www.npinumberlookup.org/), and other info that you can easily look up and/or is available as part of the results from the NPI Lookup search.? You can probably handle this online application on your own.? We can gladly help you out with this, but our fee to do so will be $500 per application.
A client shared this warning: ?from a poster I usually like .
…Beware/Read before you sign! Email wording suggests it was for Chip and Medicaid providers, but is now available to everyone. There?s at least 10 pages of fine print terms and conditions. Admittedly I have not read through it fully. My concern is that the gov?t is accepting providers into the Medicaid and CHIP programs and retroactively paying you out 2% of previous year?s gross collections? Sounds like a sign-on bonus. Be careful you don?t sign up for a commitment you didn?t intend to. If it really is a payment to ALL dental providers harmed by Covid shutdowns, regardless of participation with government programs, then that would be truly amazing.?
If anyone finds out anything definitive regarding this Relief Fund opportunity for dentists, please email firstname.lastname@example.org or post what you learned on the applicable Message Board at: https://www.schwartzaccountants.com/covid19resources/.