From the Document: "In response to the Coronavirus Disease 2019 (COVID-19) pandemic, some health care providers limited in-person visits and cancelled elective procedures to reduce the spread of COVID-19, prepare for COVID-19 patients, and conserve personal protective equipment. As a consequence, some providers reported forgone revenue and/or significant financial challenges, making it difficult to sustain services. To address these concerns, Congress established the Provider Relief Fund (PRF) in the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) and appropriated $100 billion 'to reimburse, through grants or other mechanisms, eligible health care providers for health care related expenses or lost revenues that are attributable to coronavirus.' The Paycheck Protection Program and Health Care Enhancement Act (PPPHCEA, P.L. 116-139) added an additional $75 billion to the PRF. The PRF provides grants to eligible health care providers. [...] In response to questions by providers, the Center for Medicare & Medicaid Services (CMS) has clarified how PRF funds are to be reported as revenue, in Medicare Cost Reports for reporting providers. In addition, the Internal Revenue Service (IRS) has clarified that PRF funds are taxable."
CRS Insight, IN11438
Congressional Research Service: https://crsreports.congress.gov/