Reingruber Alert: New Provider Relief Funds to be Distributed
9/14/2021 - By Claudia Reingruber, CPA, CHC
Phase 4 General Distribution - $17 Billion
- Payments will be based on lost revenues and changes in operating expenses from July 1, 2020, to March 31, 2021
- To promote equity and assist providers with the most need, HRSA will –
- Pay smaller providers a higher percentage of lost revenues and expenses
- Make “bonus” payments to providers who serve Medicaid/CHIP and Medicare patients
American Rescue Plan Funds for Rural Providers - $8.5 Billion
- Data illustrating increased health risks and poor outcomes for rural areas can be accessed here
- Payments will be based on the amount of services furnished to Medicaid/CHIP and Medicare patients who reside in Federal Office of Rural Health Policy (FORHP)-defined rural areas
- Areas that qualify as “rural” can be identified in the Rural Health Grants Eligibility Analyzer here
More Info About Phase 4 and ARP Distributions
- Qualified rural providers will apply for both programs in a single application
- Eligible applicants are broadly defined as “providers or suppliers of health care, services, and support in a medical setting, at home, or in the community”
- Recipients will be asked to attest to the applicable Terms and Conditions
- More specifics on future payments can be accessed here
New Reconsideration Process for Phase 3 Distributions
- Providers who believe their Phase 3 payment was incorrect will be able to request a reconsideration
- HHS has released details of the methodology used for Phase 3 payments, which is available here
- Details on the Phase 3 Reconsideration process will be forthcoming
Final 60-day “Grace Period” Offered for PRF Reporting
- For providers who fail to meet the PRF Reporting deadline of 09/30/2021
- To help providers come into compliance in light of challenges due to recent natural disasters and the Delta variant
- During the 60-day grace period, HHS will not initiate collection or enforcement actions for non-compliant providers
The Healthcare Division at Saltmarsh can help...
- Assess eligibility for Newly Announced Future PRF Distributions
- Evaluate the accuracy of Phase 3 Distribution and reconsideration option
- Ensure all eligible COVID expenses are identified for 1st PRF reporting
- Analyze options for calculating “Lost Revenue” per updated guidance
- Prepare documentation files in preparation for future audits of PRF fund use
- Reevaluate need for Single Audit per update guidance
- Review PRF worksheets for optimal and compliant 1st PRF reporting!
For questions or more information, please contact our Healthcare team, and join our email list!
Related Posts
- Medicare Revalidation Deadline for SNFs
- Key CMI Reporting Deadlines
- Tennessee Capital Improvement Request Form Reminder
- 16 Essential KPIs for Post-Acute Healthcare Facilities to Track
- 7 Common Challenges in Healthcare Quality Improvement & How to Overcome Them
- Healthcare Regulatory Compliance Consulting
- The Importance of Stakeholder Communication for Healthcare Quality Improvement
- Process Improvement in Post-Acute Healthcare
- Skilled Nursing Providers: Review Your CMS SNF Provider Preview Reports by November 14, 2024
- Baldrige Excellence Framework
- Understanding the Updated CMS Form CMS-10055
- NEW Off-Cycle Reporting Requirements for SNF Medicare Revalidations
- Navigating the New CMS Skilled Nursing Facility Value-Based Purchasing Measures: Effective October 1, 2024
- Facility Assessment Tool Updates Effective 8/8/2024
- Saltmarsh Siren: Skilled Nursing Facility (SNF) Final Rule for FY 2025
- Saltmarsh Siren: Proposed 2025 Home Health Rules
- Saltmarsh Siren: July 4th Florida Medicaid Payment Delays
- Saltmarsh Welcomes Q3 Healthcare Consulting to the Firm
- Saltmarsh Siren: Upcoming April & May Deadlines for Florida Skilled Nursing Providers
- Upcoming Changes to Medicare Home Office Cost Reports: Are You Ready?
- Saltmarsh Siren: CMS Guidelines Regarding Bad Debt
- Saltmarsh Siren: AHCA Publishes Medicaid Skilled Nursing Reimbursement Rates
- Saltmarsh Siren: AHCA Updates Proposed Florida Nursing Home Uniform Reporting System (FNHURS) Rule
- Saltmarsh Siren: CMS Issues Final Prospective Payment System Rule for Fiscal Year 2024
- Saltmarsh Siren: Upcoming Reporting Deadlines for HRSA Provider Relief Fund & American Rescue Plan Rural Distributions
- View All Articles
