Healthcare Update- Update to the Provider Relief Funds’ Reporting RequirementsJuly 25, 2020
Healthcare Update- Don’t Let Credentialing Staffing Shortages Stand Between Your Practice and The Revenue You NeedJuly 28, 2020
Updated news for providers that received either (1) General Distributions from the initial HHS Provider Relief Funds or (2) the second round of funds from the Targeted HHS Provider Relief Funds. HHS modified its stance requiring quarterly reports for providers that received Provider Relief Funds. The initial quarterly reports would have been due by July 10, 2020. However, on June 13, 2020, HHS delayed the quarterly reporting requirement as communicated in the FAQs section.
In its updates, HHS stated that it is still working on developing a report that will contain all of the necessary information that is required under the CARES Act in order to comply with the reporting requirements. HHS is keeping track of the providers that have attested to receipt of the funds and will notify these providers of due dates and required reports in the next few weeks. Providers should maintain complete and accurate documents to support any required reports as requested by HHS.
As a reminder, all providers that received HHS Provider Relief Funds should adopt a policy as part of its financial procedures, record keeping and compliance program to proactively demonstrate compliance with federal requirements 45 C.F.R. §75.302 and 75.361-365 as well as the applicable Terms and Conditions by HHS.
Reach out to our Healthcare Services Team for more information: