PYA Principals Martie Ross and Catherine Bunch are quoted in a recent HCCA Report on Medicare Compliance article. “HRSA Plans Several Audits of Provider Relief Fund; Reporting Requirements Raise Alarm” covers important information providers need to know about the use and reporting of provider relief funds. It outlines HRSA’s approach to auditing funds’ use and stresses the importance of compliance officer involvement in ensuring compliance with reporting requirements.
“Timing is critical for the reporting of funds. . . . ‘The crucial date is Feb. 15, 2021, when you will report on funds expended through the end of this year,’ [Ross] explained.”
“‘If a health care organization gets $2 million and has a June 30 year-end date, and expended $1 million before June 30, and the rest after, it will have two fiscal years subject to single audit requirements,’ [Bunch] noted.”
Read the full article here.
If you have questions related to Provider Relief Fund reporting requirements and audits, visit PYA’s COVID-19 hub or contact a PYA executive below at (800) 270-9629.