OK, thank you for clarifying. It’s important to call out that your decision to apply or not is based on your personal assessment of your practice’s need, as opposed to a rule about applying for the Provider Relief Fund when you already have a PPP Loan (i.e. there is no such rule saying you can’t do both.)
The important thing you said is “so far.” If you are already bouncing back stronger than before, you may indeed not need this money, and it’s generous of you to leave it for other folks who might need it more!
On the other hand, this money can be used to pay losses for May 2020 and beyond. From the HHS FAQ, emphasis mine:
Providers may have incurred eligible health care related expenses attributable to coronavirus prior to the date on which they received their payment. Providers can use their Provider Relief Fund payment for such expenses incurred on any date, so long as those expenses were attributable to coronavirus and were used to prevent, prepare for, and respond to coronavirus.
And a final quote from the same source:
In order to accept a payment, must the provider have already incurred eligible expenses and losses higher than the Provider Relief Fund payment received? (Added 6/8/2020)
No. Providers do not need to be able to prove, at the time they accept a Provider Relief Fund payment, that prior and/or future lost revenues and increased expenses attributable to COVID-19 (excluding those covered by other sources of reimbursement) meet or exceed their Provider Relief Fund payment. Instead, HHS expects that providers will only use Provider Relief Fund payments for permissible purposes and if, at the conclusion of the pandemic, providers have leftover Provider Relief Fund money that they cannot expend on permissible expenses or losses, then they will return this money to HHS.
So it’s possible to apply in good faith, hold the money for a bit, then return it (in all or in part) if you truly don’t need it. The window to apply is brief; the option to payback unused $ is open-ended (since none of us know when “the conclusion of the pandemic” is coming!)