It looks like you have an older browser that is not supported by this site. Please click here to update.
On September 21, 2020, the U.S. Department of Health and Human Services (HHS) released new information regarding the reporting requirements for recipients of funds from the CARES Act Provider Relief Fund that exceeded $10,000. The entirety of the updated reporting requirements can be found here, and notably, under the updated reporting requirements, the CARES Act funds can be used to make up for lost revenue up to 2019 net operating income levels. Please note, these updated reporting requirements do not apply to the Nursing Home Infection Control Distribution, the Rural Health Clinic Testing Distribution, or to reimbursement from the Health Resources and Services Administration (HRSA) Uninsured Program. Separate reporting requirements will be announced for those distributions.
Other notable pieces of the updated reporting requirements include:
HHS had previously indicated the reporting system would be available October 2020, but HHS has now indicated the following key dates:
Looking ahead to future audits, AICPA has made available a free webinar on Single Audit. Registration is required, and there is no fee. Once registered, you will immediately have access to the webinar, as well as AICPA’s COVID-19 information. However, it should be noted that the AICPA webinar is targeted to the usual entities subject to Single Audit — not-for-profit entities. After HHS releases the Provider Relief Fund Single Audit guidance, which is expected in late October, AICPA will release a second, free webinar tailored to for-profit entities.
IHCA/INCAL will keep you updated as additional details are known, including when HHS’s reporting template, educational webinars, and case examples are released. AHCA/NCAL will also continue to work with the major CPA associations and other health care provider groups to secure additional details and shape the reporting and auditing process.