(Recorded Webinar) 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]
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Read more about maintaining an attendance record in our FAQs.
- 1.50 Certificate of Attendance
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