Health and Human Services (HHS) announced its overview of reporting requirements for healthcare providers who received any of the COVID-19 CARES Act Provider Relief Funds.
Any provider who received one or more payments exceeding an aggregate amount of $10,000 will be required to report how the funds have been used.
Detailed instructions regarding what and how to report will be released by August 17. Also, HHS will provide a question and answer webinar before the reporting deadline to ensure all providers can adequately account for the use of funds for allowable purposes, for each Provider Relief Fund payment.
Timing of reports
The reporting system will be available to recipients for reporting on October 1, 2020.
- All recipients must report within 45 days of the end of calendar year 2020 on their expenditures through the period ending December 31, 2020.
- Recipients who have expended funds in full before 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.
- Detailed Provider Relief Fund reporting instructions and a data collection template with the necessary data elements will be available through the HRSA website by August 17, 2020.
Read the full HHS notice. Yeo & Yeo will send an update once the reporting requirements are released.