Here We Go Again! Provider Relief Fund: Updated Reporting and Use Requirements
As many health care organizations know first-hand, confusion has reigned on proper use of the Provider Relief Fund (“PRF”). In mid-June, HRSA issued new reporting requirements and FAQs, and on July 1, the Provider Relief Fund (PRF) reporting portal opened. Among the significant changes were:
- Period of Availability of Funds is now based on the date PRF payments were received
- An extension of the period availability, but only for PRF payments made after July 1, 2020; earlier payments must still be used prior to June 30, 2021
- 90-day reporting period, so for payments prior to July 1, 2020, reports must be submitted by September 30, 2021
- Clarification on the definition of “lost revenue” (a favorable one this time)
- Confusing language on the use of federal grant funds and offsetting “patient care” revenue
During this webinar, presenters from FTLF and accounting firm CohnReznick will discuss potential PRF compliance strategies, Single Audit requirements, and much more. Additionally, up-to-date information on reporting and use requirements, along with clarifications of the latest HRSA announcements, will be covered.
- C-Suite executives
- Financial management staff
- Grant administration staff
- Anyone responsible for PRF funding
After this webinar, you will be able to:
- Understand the two avenues for the use of PRF
- Explain hidden pitfalls, including offsetting funding sources and the definition of “patient care”
- Describe compliance strategies, such as creating valid and reliable documentation to support use of PRF
Serving as Managing Partner of the firm since 2003, and a member of the Health Law and Federal Grants practices since 1992, Ted focuses his practice on helping organizations to solve problems. Ted’s expertise in financial, cost reporting, reimbursement, and administrative issues is widely recognized, and illustrated by his selection as a 2014, 2015, 2016, 2018, 2019, & 2020 Washington, D.C. Super Lawyer in health care. Ted routinely handles challenging issues for clients such as government audits, internal investigations, and litigation. [Full Bio]
Steven D. Schwartz, CPA, is a partner with CohnReznick, leads the Healthcare Industry Practice in our New York offices, and is a member of the Firm’s Not-for-Profit and Education Industry Practice. With 22 years of experience in the healthcare field, Steve concentrates his practice on serving FQHCs. His clients include community/migrant health centers, behavioral healthcare organizations, foster care agencies, health homes, homeless programs, HIV programs, drug treatment programs, prepaid health service plans, adult day care centers, and other not-for-profit organizations and for-profit corporations. [Full Bio]
Participants can earn up to 1.80 CPE credits in Specialized Knowledge and Applications upon completion of all course requirements.
ATTENDEE REQUIREMENTS FOR CPE CREDIT
If you purchase CPE credit for this webinar you must satisfy the following conditions in order to receive your certificate:
- Answer at least 6 of the 8 polling questions during the webinar
- Complete the evaluation survey after the conclusion of the webinar or in the follow-up email
Upon completion of these requirements, FTLF will email you your CPE Certificate within seven (7) business days.
- Prerequisites: None
- Target Audience: C-Suite executives, Financial management staff, Grant administration staff, Anyone responsible for PRF funding
- Advanced Preparation: None
- Program Level: All
- Delivery Method: Group Internet Based
- Attendance Requirements: In order to be awarded the full credits, you must respond to six (6) out of eight (8) polling questions.
Feldesman Tucker Leifer Fidell LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org (formerly www.learningmarket.org).
- 1.50 Certificate of Attendance
Access to the recorded version of this webinar is included in your purchase.
ACCESSING THE RECORDING
The recorded version of this webinar will be available within seven (7) business days after the conclusion of the live event. You will have access to the recording for 180 days after the live webinar has concluded. Once posted to your account, you can view this webinar anytime on-demand during the access period identified in the Recorded Webinar Now Available email. For additional information on viewing and accessing webinars, view our full terms and conditions here.
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