In a notice dated July 20, 2020, the Department of Health and Human Services (HHS) provided the first details regarding the reporting requirements for recipients of Provider Relief Fund (PRF) payments. According to the notice, providers that have received one or more PRF payments in excess of $10,000 will be required to submit a report demonstrating compliance with the PRF terms and conditions and detailing the use of the funds for allowable purposes by no later than February 15, 2021.
The notice states HHS will release “detailed instructions” regarding these reports by August 17, 2020. So far we know:
- The reporting system will become available on October 1, 2020.
- All recipients must report on their expenditures through December 31, 2020, by no later than February 15, 2021.
- Any recipient that expends any funds after December 31, 2020, must file a second and final report by July 31, 2021.
Although the notice does not state so explicitly, this implies a provider must either expend all funds by July 31, 2021, or return any unused funds to HHS.
In addition to the detailed instructions, HHS promises to host Q&A sessions via webinar prior to the reporting deadlines.
PYA will carefully analyze the reporting instructions upon publication and provide additional insights.
If you would like more information about these reporting requirements, or need further COVID-19 guidance, visit PYA’s COVID-19 hub, or contact one of our PYA executives below at (800) 270-9629.
Disclaimer: To the best of our knowledge, this information was correct at the time of publication. Given the fluid situation, and with rapidly changing new guidance issued daily, be aware that some or all of this information may no longer apply. Please visit our COVID-19 hub frequently for the latest updates, as we are working diligently to put forth the most relevant helpful guidance as it becomes available.