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!