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{"id":73461,"date":"2020-09-28T09:09:08","date_gmt":"2020-09-28T14:09:08","guid":{"rendered":"http:\/\/www.ryanandwetmore.com\/?p=73461"},"modified":"2022-06-27T22:24:50","modified_gmt":"2022-06-27T22:24:50","slug":"new-provider-relief-fund-reporting-requirements","status":"publish","type":"post","link":"https:\/\/www.randwpc.com\/rwblog\/new-provider-relief-fund-reporting-requirements\/","title":{"rendered":"HHS Announces New Provider Relief Fund Reporting Requirements"},"content":{"rendered":"\n\n\n\n\n

Medical Providers to Follow These New PRF Reporting Requirements<\/h3>\n\n\n\n

If you are a medical provider that received more than $10,000 in Provider Relief Fund payments, then this message is for you.<\/p>\n\n\n\n

As of Saturday, September 19, 2020, the United States Department of Health and Human Services (HHS) released its Provider Relief Fund (PRF) Reporting Requirements<\/a> detailing how medical providers who received more than $10,000 in PRF payments will be obligated to follow post-payment reporting requirements to report their use of funds.<\/p>\n\n\n\n

What Information Needs to be Reported?<\/strong><\/h3>\n\n\n\n

Providers will report healthcare-related expenses for both calendar years 2019 and 2020, and must categorize these expenses into General and Administrative expenses or healthcare-related operating expenses. Furthermore, medical providers are urged to include only those expenses that were not compensated for by other sources in this post-payment reporting process.<\/p>\n\n\n

\n
\"Provider<\/figure>\n<\/div>\n\n\n

If all PRF payments were not exhausted by COVID-19 healthcare-related expenditures, providers can apply payments toward lost revenues. HHS defines lost revenues<\/a> as \u201ca negative change in year-over-year net patient care operating income.\u201d <\/em>Please note that this updated approach is more limited than the previous HHS guidance which allowed for \u201cany reasonable method of estimating lost revenue.\u201d<\/em> HHS also caps the lost revenue application of PRF payments up to either the amount of a provider\u2019s 2019 net gain from healthcare-related sources or up to a net zero gain\/loss in 2020, if the provider reported negative net operating income in 2019.<\/p>\n\n\n\n

Supplementary material that is also being requested by the HHS include, but are not limited to the following:<\/p>\n\n\n\n