UPDATE October 30, 2020:
Following the webinar, we learned that HHS had released a number of FAQs shortly before our recording.
With the benefit of this new information, two observations in the webinar have been modified as follows:
- We noted that HHS had not published any updates just prior to our webinar. That was inaccurate.
- We noted that HHS had not addressed providers regarding cost-based reimbursement. The newly released FAQs do provide some guidance on this topic.
Please refer to our new article, “Provider Relief Fund Update: HHS Revises Ambiguous Reporting Requirements Again and Again” for guidance that includes HHS’s latest information.
On October 22nd, the Department of Health and Human Services released revised Provider Relief Fund (PRF) reporting requirements. Under HHS’ September 19 directive, “lost revenue” was defined narrowly as a negative change in year-over-year patient care operating net income. Now, HHS will permit providers to use PRF funds to cover the difference between their 2019 and 2020 actual patient care revenue with some adjustments for COVID-related expenses. The October 22nd notice is available here.
PYA Principals Martie Ross and Michael Ramey hosted a complimentary 30-minute webinar, “Trick or Treat? October 22nd Revisions to Provider Relief Fund Reporting Requirements” on Thursday, October 29th.