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Last week, HHS announced the distribution of approximately $9 billion in CARES Act Provider Relief Fund (PRF) Phase 4 payments. The average payment for small providers is $58,000, for...
On June 11, 2021, the U.S. Department of Health and Human Services (HHS) released updated reporting requirements for recipients of Provider Relief Fund (PRF) payments.
Period 1 June 30, 2021 Period 2 December 31, 2021 Period 3 June 30, 2022 Period 4 December 31, 2022 January 1, 2023 to March 31, 2023 Tied to each Payment Received Period is an associated Reporting Period. Recipients who received and retained for use one or more PRF payments (from General and/or Targeted Distributions) totaling more than $10,000 during a given Payment Received Period (as opposed to the previous standard of $10,000 across all PRF payments) must now report on the use of funds in accordance with the Reporting Requirements during the applicable Reporting Period. Importantly, HHS...