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Can a parent organization transfer General Distribution Provider Relief Fund payments to its subsidiaries?

Can a parent organization transfer General Distribution Provider Relief Fund payments to its subsidiaries?

Yes, a parent organization can accept and allocate General Distribution funds at its discretion to its subsidiaries, as long as the Terms and Conditions were met. Eligible health care entities, including those that were parent organizations must substantiate that these funds were used for health care-related expenses or lost revenue attributable to COVID-19, and that those expenses or losses were not reimbursed from other sources and other sources were not obligated to reimburse them.

(Updated 3/31/2021)

Ownership and Financial Structures
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