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HHS to dole out $10B in additional COVID-19 funds to hospitals in ‘high-impact’ areas

July 17, 2020 / by Tina Reed

The Department of Health and Human Services (HHS) plans to begin distributing $10 billion in additional relief funds to hospitals in areas hit hard by the COVID-19 pandemic.

Friday, officials said the second round of high-impact funding—part of $175 billion in relief funds allocated to healthcare by the CARES Act and the Paycheck Protection Program and Health Care Enhancement Act—would begin going out to hospitals in “high-impact” areas the week of July 20.

More than 1,000 hospitals will receive funding from this tranche of money.

The most funding is going to Illinois, New York and Pennsylvania where hospitals are receiving a total of $740 million, $683.6 million and $654.6 million, respectively.

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Mike Adams

Mike Adams is a medical device sales leader with extensive clinical experience in spine and biologics and a nationwide distribution network built over the last 10+ years in the industry. He has held various leadership positions in healthcare and device including Distributor Partner, Hospital COO and Spine VP of Sales. He currently leads the commercialization strategy for OrthoSpine Partners and is a Distributor Principal at Novel Medical. Because of his unique career path, Mike has the ability to see the healthcare business from multiple perspectives making him passionate about building strategic partnerships that help reduce overall costs, drive innovation, and cultivate growth for new markets.

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