All recipients of Provider Relief Fund (PRF) payments must comply with the reporting requirements described in the Terms and Conditions and specified in directions issued by the U.S. Department of Health and Human Services (HHS) Secretary. There is an upcoming reporting deadline on September 30, 2021 for certain PRF recipients.
The PRF provides payments to healthcare providers who diagnose, test, or care for individuals with possible or actual cases of COVID-19, and have healthcare-related expenses or lost revenues attributable to COVID-19.
In response to challenges providers are facing given the COVID-19 surges and natural disasters around the country, HHS has announced a 60-day grace period. However, the reporting deadline for Payment Received Period 1 of September 30, 2021 has not changed. While the deadlines to use funds and the reporting time period will not change, HHS will not initiate collection activities or similar enforcement actions for noncompliant providers during this grace period. A few important items clarified in the September 10, 2021 announcement from HHS include:
If required to file a report, an organization will submit the required information into the PRF Reporting Portal. Gather necessary information for your organization using the Health Resources and Services Administration (HRSA)-provided worksheet. The worksheet is designed to help prepare providers for data entry, and can be downloaded here.
Recipients that spend a total of $750,000 or more in federal funds, including PRF payments and other federal financial assistance, during their fiscal year are subject to single audit requirements, as set forth in the regulations at 45 CFR 75 Subpart F.
While you focus on continuing to provide patient care, P&N’s experienced team of health care business advisors can help your organization navigate funding opportunities and maintain compliance. Contact us today to discuss how we can help.