Hhs Stimulus Reporting Requirements

Providers should apply prf payments toward expenses before doing so for lost revenue.

Hhs stimulus reporting requirements. Hhs is distributing 178 billion to hospitals and healthcare providers on the front lines of the coronavirus response. Initial hhs relief fund reporting requirements outlined in terms conditions indicated that when your practice received more than 150 000 in funds you must submit a report to the secretary and the pandemic response accountability committee. Filed a federal income tax return for fiscal years 2017 2018 or 2019 if in operation before jan.

Advertisement healthcare related expenses attributable to coronavirus that another source has not reimbursed and is not obligated to reimburse which may include general and administrative g a or healthcare related operating expenses. Hhs guidance issued sept. Additionally to be eligible to apply the applicant must meet all of the following requirements.

19 relating to reporting obligations could prove troublesome for providers that receive cares act provider relief fund prf payments. The revised deadline for actual reporting has not been announced. Recipients of provider relief fund prf payments exceeding 10 000 in the aggregate must report required information including intent use of funds and other data elements.

All recipients must report within 45 days of the end of calendar year 2020 on their expenditures through the period ending december 31 2020 the notice said. Hhs also is expanding provider eligibility for 20 billion in emergency funding under its phase 3 distribution of prf money. Download the final reporting data elements pdf.

21 the department of health and human services hhs released the reporting requirements for healthcare providers that received covid 19 relief funds. The report had no specific form but needed to detail how much money you received and how you spent it. The provider relief fund supports american families workers and the heroic healthcare providers in the battle against the covid 19 outbreak.

Or be exempt from filing a return. Key issues involve the definition of lost revenue and the change to a calendar year reporting basis. Hhs has also indicated that cares act phase 3 funding could continue for first several months of 2021.