The U.S. Department of Health and Human Services (HHS) recently announced it will now allow dentists and other dental providers to apply for relief from the Public Health and Social Services Emergency Fund (Provider Relief Fund) which they were previously ineligible for.
Under the program, eligible dentists can receive reimbursement amounts equal to 2% of their annual reported patient revenue. For example, if your practice collected $1,000,000, you would be eligible for payments of $20,000 under the program. The payments are not loans, and do not have to be repaid, however you do need to agree to the terms and conditions.
You must act quickly. According to the HHS, dentists have only until July 24, 2020 to apply.
Click here for Dental Distribution FAQs from the HHS.
Sax will continue to update you as further details are made available. Reach out to your Sax advisor or email covid19@saxllp.com with questions. For more and on-going information relative to your state and business, visit Sax’s COVID-19 Resource Center.