Provider Relief Funds Reporting
Updated As Of August 18 at 2:30 pm
As part of the government’s COVID-19 relief strategy, the Human Health and Services (HHS) department distributed funding to healthcare providers. The HHS distributions were part of the Provider Relief Funds (PRF), which were provided for healthcare-related expenses or lost revenue due to COVID-19. Recipients of the PRF distributions may have reporting requirements to the HHS depending on the amounts they received.
HHS has released some updates for recipients of PRFs. A few key changes are below:
- The deadline to use funds is based on the date the payment is received (rather than requiring all payments be used by June 30, 2021, regardless of when they were received).
- Recipients are required to report for each Payment Received Period in which they received one or more payments exceeding, in the aggregate, $10,000 (rather than $10,000 cumulatively across all PRF payments).
- Recipients will have a 90-day period to complete reporting (rather than a 30-day reporting period).
- The PRF Reporting Portal opened for providers to start submitting information on July 1, 2021.
Records indicate that your Company received Provider Relief Funds from the Department of Health and Human Services. Click here for an updated Timeline of Reporting Requirement.
There are no extensions granted in the deadlines for reporting and you will need to submit the report multiple times if you received distributions in multiple periods listed above. Any unused funds are due back to HHS within 30 days of the deadline for reporting.
You can register for the PRF Reporting Portal by clicking here if you have not done so already.
Funds can be applied to allowable expenses or lost revenue. To be an allowable expense under the PRF, the expense must be used to prevent, prepare for and respond to coronavirus. All expenses need to be supported by adequate documentation (click here for information from HHS regarding allowable expenses).
MHCS has a team working on helping clients through the mandatory reporting process. Please consult your MHCS advisor if you have questions or would like assistance navigating the reporting process.