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Most healthcare providers received Provider Relief Fund (PRF) payments (as described in greater detail in a previous McGuireWoods client alert) from the Health Resources and Services...
Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Health Resources and Services Administration (HRSA) of the Department of Health and Human Services (HHS) is...
HRSA has distributed funds from the PRF in multiple phases, through both General Distributions and Targeted Distributions. When a provider receives one or more payments in excess of $10,000 during a Payment Received Period,” the provider is required to report
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...