The CARES Act restricts the use of Provider Relief Fund (PRF) payments to healthcare expenses or lost revenues attributable to coronavirus. Given PRF reporting and audit requirements, you must document and be prepared to defend every use of PRF distributions, despite limited guidance on eligible healthcare expenses or lost revenue. PYA’s latest infographic highlights both reporting and audit requirements and considerations for each.
If you have questions about PRF reporting and audit or need assistance with PRF accounting practices, contact one of the PYA executives below at (865) 673-0844.