HHS Provider Relief Fund – General and Targeted Fund Update
HHS issued a limited update Monday July 20th. The update suggests that providers who received more than $10,000 in PRFs (i.e., any payment under the $50 billion General Distribution, Medicaid/CHIP distribution, or various targeted distributions) will be subject to “future reporting requirements” and that detailed instructions regarding these requirements will be released “by August 17, 2020.”
While the announcement leaves many details vague, it does state that recipients must report within 45 days of the end of calendar year 2020 on their expenditures through the period ending 12/31/20. The overview released on July 20 does not indicate whether providers who received $10,000 or less will be subject to any reporting obligations and does not provide detail as to the form or content of reports. However, the following timeline is provided:
- August 17, 2020: Detailed instructions will be available by this date
- October 1, 2020: Reporting system comes available
- February 15, 2021: Report due for calendar year 2020 expenditures
- July 31, 2021: Second report due (only for those who expended funds in CY 2021)
Please click HERE for the full announcement and don’t hesitate to contact your BiggsKofford advisor with any questions.