Health and Human Services announced their “overview of reporting requirements” for healthcare providers who received any of the COVID-19 CAREs Act “Provider Relief Funds”.
Any provider who received in aggregate $10,000 or more will be required to report. The complete details/instructions as to what and how to report will be released on August 17th. In addition, HHS has said they will provide a question and answer session via webinar prior to the reporting deadline to ensure all providers can properly account for the funds uses.
The reporting system will become available to providers for reporting on October 1, 2020.
- All recipients must report within 45 days of the end of the calendar year 2020 on their expenditures through the period ending December 31, 2020.
- Recipients who have expended funds in full prior to December 31, 2020, may submit a single final report at any time during the window that begins October 1, 2020, but no later than February 15, 2021.
- Recipients with funds unexpended after December 31, 2020, must submit a second and final report no later than July 31, 2021.
Once these requirements are released, Mueller Prost plans to all provide education to ensure you can all meet guidelines and assist with any review of documentation as necessary. We are here to support you, educate you, and stand by you!
More to come!