As of July 1, 2021, the registration and reporting portal relating to Health and Human Services (HHS) Provider Relief Funds (PRF) that were originally received by most providers in 2020 during the initial days of COVID-19 is now open and available for providers to utilize.
The Health Resources and Services Administration (HRSA) has finalized the reporting requirements for recipients who received Provider Relief Fund (PRF) Payments. The revised requirements apply to providers who received one or more payments exceeding, in the aggregate, $10,000 during a single Payment Received Period from the PRF General Distributions, Targeted Distributions, and/or Skilled Nursing Facility and Nursing Home Infection Control Distributions.
The Reporting Period chart below can be used to quickly identify the new deadline for use of funds and when reporting is required based on when payments were received.
Recipients who received one or more payments exceeding, in the aggregate, $10,000 are mandated to report for each applicable Payment Received Period. Recipients will have a 90-day period to complete reporting.
The reporting requirements are also now applicable to recipients of Skilled Nursing Facility and Nursing Home Infection Control Distribution in addition to General and other Targeted Distributions. Expenses that are paid for with these various distribution payments must have been used to prevent, prepare for and respond to Coronavirus and must be expenses that are unreimbursed by other sources and that other sources are not obligated to reimburse. These other sources include FEMA [Federal Emergency Management Agency] grant dollars, Paycheck Protection Program (PPP) dollars, or money through the CARES Act dollars. Essentially, all of these must be applied to expenses for COVID first before applying the use of the Provider Relief Funds.
The steps for reporting on the use of funds remain the same as all past PRF payments. They include the following:
- Registration Requirements
- Reporting Requirements
- Overview of the Entity reporting
- Any Subsidiary Data and reporting
- Payment/s Data Summary
- Other Assistance Received by the Entity, if any
- Usage of the payments for expenses
- General and Administrative (G&A) Expenses
- Medical Expenses
- Any Unreimbursed Expenses attributable to Coronavirus
- Actual Patient Care Revenue or Lost Revenue
- Personnel, Patient and Facility Metrics
- Survey around the impact of the PRF Payments
The PRF registration and reporting portal, including FAQ and various resources from the HRSA, are available here: PRF REGISTRATION AND REPORTING PORTAL.
For any additional information on these requirements, contact Ronnen Isakov, Managing Director Advisory Services at risakov@medicmgmt.com.
Ronnen Isakov is Managing Director Advisory Service of MMG Healthcare Solutions / Medic Management Group. His background includes extensive work in areas including business advisory, valuation, network optimization, transaction support, and project management. MMG is a national provider of consulting services and back office administrative support to independent and system owned physician practice groups. Additionally, MMG has been formally recognized as a multi-year Northeast Ohio Top Workplaces award winner.