The Provider Relief Fund was established through the CARES Act to reimburse eligible healthcare providers for increased expenses or lost revenue due to the COVID-19 pandemic.
As long as Provider Relief Fund grant recipients comply with the applicable requirements, the funds do not have to be repaid.
Recipients who received one or more payments exceeding $10,000, in the aggregate, during a Payment Received Period are required to report in each applicable Reporting Time Period as outlined in the table below.
|Payment Received Period (Payments Exceeding $10,000 in Aggregate Received)||Period of Availability||Reporting Time Period|
|Period 1||From April 10, 2020 to June 30, 2020||January 1, 2020 to June 30, 2021||July 1, 2021 to September 30, 2021*|
|Period 2||From July 1, 2020 to December 31, 2020||January 1, 2020 to December 31, 2021||January 1, 2022 to March 31, 2022|
|Period 3||From January 1, 2021 to June 30, 2021||January 1, 2020 to June 30, 2022||July 1, 2022 to September 30, 2022|
|Period 4||From July 1, 2021 to December 31, 2021||January 1, 2020 to December 31, 2022||January 1, 2023 to March 31, 2023|
Rehmann is here to support you and your healthcare practice as you navigate the Provider Relief Fund requirements. Our team can:
Guidance on audit requirements for for-profit healthcare entities that received $750,000 or more in pandemic-related relief funds from the U.S. Department of Health and Human Services (HHS) was recently issued by the American Institute of Certified Public Accountants’ (AICPA) Government Audit Quality Center (GAQC). The long-awaited guidance is intended to assist auditors of for-profit entities subject to audit requirements related to awards from the Provider Relief Fund program and other HHS programs and their for-profit clients. This guidance is comprehensive and provides:
Learn more about this guidance here. Your Rehmann team is here to help with any questions or concerns. Contact us today for assistance.