Following months of silence after the Provider Relief Fund (PRF) portal opened for registration in January, the U.S. Department of Health and Human Services (HHS) has finally released revised reporting requirements and deadlines for recipients of more than $10,000 in PRF payments.
Highlights of the changes include:
- Providers can begin submitting their reports on July 1, 2021.
- Recipients must report for every period in which they received $10,000 or more in the aggregate.
- Skilled nursing facilities are now subject to the PRF reporting requirements.
- Deadlines to use and report funds are now based on the date payment was received, as follows:
Calculations of eligible expenses and lost revenues have essentially stayed the same, as we reported on last year. The 12 required data elements are outlined in the updated HHS Post-Payment Notice of Reporting Requirements.
For assistance with calculating, reporting and documenting your PRF payments, please contact your Grassi Advisor or reach out to David M. Rottkamp, Not-for-Profit Practice Leader, or Joseph Tomaino, CEO of Grassi Healthcare Advisors.
