Healthcare providers who received more than $10,000 of Provider Relief Fund (PRF) payments from the department of Health and Human Services (HHS) on or before June 30, 2020, are required to report on their use of the funds by September 30, 2021. Any unused funds must be returned to HHS by the September 30th deadline.
Reporting is done through an online portal set up for that purpose. Providers use the portal to report eligible expenses to prevent, prepare for, and respond to coronavirus, and/or for lost revenues attributable to coronavirus. Funds must have been used between January 1, 2020, and June 30, 2021, and must not be eligible for reimbursement from other sources.
Lost revenue is determined on a calendar quarter by calendar quarter basis, and each quarter stands alone. This means if one or more quarters show a decrease in net patient services revenue (compared to 2019 or budget) and other quarter(s) show an increase, the decrease(s) can be used to offset PRF payments received without regard to the quarters with an increase. Though the quarters with an increase will not be factored in, the revenue data must still be reported.
Provider relief funds received after June 30, 2020, will have different use-of-funds and reporting deadlines, as shown in the table below:
For more information, follow these links:
Online Reporting Portal
PRF Reporting Requirements June 11, 2021
PRF Frequently Asked Questions
Readers should not act upon information presented without individual professional consultation.
Any federal tax advice contained in this communication (including any attachments): (i) is intended for your use only; (ii) is based on the accuracy and completeness of the facts you have provided us; and (iii) may not be relied upon to avoid penalties.
This is to serve as a reminder and update on previous communications regarding the Provider Relief Fund.