Today (Thursday, October 22), the U.S. Department of Health and Human Services (HHS), announced changes to the reporting requirements and expanded the types of providers who could apply for Provider Relief Funds.
Key Takeaways:
- HHS is returning to its previous definition of lost revenue, a decrease from 2019 revenue, rather than using the September 19 version which would have capped funds to a facility’s 2019 net revenue.
- HHS has created new flexibility around reporting at the parent and subsidiary level.
- HHS now is allowing private pay ALs to apply for Phase 3 awards.
From the HHS press release:
“In response to concerns raised, HHS is amending the reporting instructions to increase flexibility around how providers can apply PRF money toward lost revenues attributable to coronavirus. After reimbursing healthcare related expenses attributable to coronavirus that were unreimbursed by other sources, providers may use remaining PRF funds to cover any lost revenue, measured as a negative change in year-over-year actual revenue from patient care related sources.”
All Phase 3 applicants will have until 11:59PM EST on November 6, 2020 to submit their applications for payment consideration.
Learn more:
- Read the HHS Press Release
- Download the policy memorandum on the reporting requirement decision
- Download the amended reporting requirements guidance
- For updates and to learn more about the Provider Relief Program, visit: hhs.gov/providerrelief.