METRO MANILA (CNN)— The Philippine Health Insurance Corporation said it will release P30 billion accredited ospitals in line with the government's response against the coronavirus disease or COVID-19.
In a statement Tuesday, PhilHealth said the fund— classified as advanced payment under the agency's interim reimbursement mechanism— will "provide health care providers with the much needed liquidity to adequately respond to the pandemic."
The state health insurer said the amount would be equivalent to three months’ worth of claims based on historical data, and will be charged to future claims. It said hospitals will be asked to craft a letter of intent to avail of the service.
PhilHealth added it has also extended the deadline for payment of contributions of self-paying members until the end of April.
"Moreover, its policy on single period of confinement and 45-days coverage are also waived in favor of the member, while the filing period for claims is also extended from the usual 60 days to at least 120 days in favor of the health care providers," the statement read.
The Philippines was placed under a state of calamity amid the rapid spike of COVID-19 cases, which neared 200 as of Wednesday. Fourteen deaths due to the infectious disease have also been recorded.
PhilHealth earlier assured there is enough budget for the country's COVID-related medical costs, as the agency was tapped to cover the testing of hospitals nationwide.
part from the testing fee, PhilHealth said Filipinos can also avail of a P14,000 health package should they get quarantined for the disease. The amount will provide P,000 for each day of the isolation.
Coronavirus-positive patients can also seek a beneficiary package of up to P2,000— the amount usually provided for severe pneumonia cases.
COVID-19, considered by the World Health Organization as a pandemic, has infected over 197,000 individuals in 154 different countries including China, the epicenter of the virus outbreak.