NASHVILLE, Tenn. (WTVF) — Tennessee will allocate $10 million in grants to support hospitals that are facing financial decline due to the COVID-19 pandemic, Governor Bill Lee announced on Monday.
Lee said the Small and Rural Hospital Readiness grants will serve as a bridge while elective procedures are suspended and new federal funds are still processing.
The money was allocated from the state's fiscal year 2020 COVID-19 response appropriation.
Grants are capped at $500,000 per hospital.
Applications opened on Monday and will remain open for one month, or until funds are expended. For more information on the application, click here.