Long-awaited federal financial support for assisted living providers is on the way, according to the American Seniors Housing Association (ASHA).
Private-pay assisted living providers will have access “very soon” to the Department of Health and Human Services (HHS) Provider Relief Fund, an HHS official told ASHA leadership on a call Wednesday.
The overall dollar amount being allocated to assisted living has not yet been disclosed, according to an update that ASHA sent to members on Thursday. However, the formula will be 2% of 2019 gross revenue, according to ASHA, in keeping with how HHS has distributed funds to other types of health care organizations, such as Medicaid providers and children’s hospitals.
HHS also informed ASHA that additional funds, beyond the 2% of gross revenue allocation, will be announced within the month, the organization indicated in its update.
HHS did not respond on Thursday to a request for comment from Senior Housing News.
The post ASHA: Federal Financial Support Coming Soon for Private-Pay Assisted Living Providers appeared first on Senior Housing News.
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