As of September 19, 2020 the Department of Health and Human Services published a new notice, that provides reporting guidance to healthcare professionals. Providers that receive PRF payments exceeding $10,000 in aggregate are required to report their use of funds, as per the program Terms and Conditions.
Please visit the PRF website for complete reporting guidance and details, as well as FAQs and other program information.
Key dates and actions required:
- Jan. 15, 2021: reporting portal opens for providers.
- Feb. 15, 2021: first reporting deadline for all providers on use of PRF funds.
- July 31, 2021: final reporting deadline for providers who did not fully expend PRF funds prior to December 31, 2020.
Guidelines for use of PRF funds:
- PRF funds can be used in the following manner and order:
–Expenses attributable to coronavirus that are not reimbursed or obligated to be reimbursed from other sources.
–Lost revenues, as represented by a change in net patient care operating income from 2019 to 2020 (revenue less expenses).