03 February 2021
The U.S. Department of Health and Human Services (HHS) has amended the reporting instructions and timeline for Provider Relief Fund (PRF) payment recipients. HHS has established an online portal where providers will need to register to gain access. At this point in time, HHS has not provided a new timeline of when reporting on the use of funds will be due (any previous timeline has been superseded).
One of the major changes in reporting instructions relates to how providers are able to calculate lost revenue. Based on the latest PRF reporting requirements, providers are able to calculate lost revenue by using one of the following methods:
Please review the latest reporting requirements for further details. The latest requirements can be read here - PDF.
Should you have any questions or want to further discuss, please contact us.