Help on the Way: Latest Round of CARES Act Payouts

On October 1, the Department of Health and Human Services (HHS) released a third phase of relief funds into the healthcare sector. As you'll recall, the Coronavirus Aid, Relief and Economic Security (CARES) Act authorized billions of dollars to support struggling health providers and facilities in the wake of the coronavirus pandemic that swept the nation. Of the $175 billion authorized by the CARES Act, about $107 billion had been released in the first two phases. This third phase will pump another $20 billion into America's healthcare system.