7/14/2022
If you received any funding from the Provider Relief Fund (PRF), chances are, you’ve already had to report your use of funds in either reporting period one or two, and you know how complicated the process can be. In fact, according to the 2022 BDO Healthcare CFO Outlook Survey, 35% of the respondents identified CARES Act/PRF reporting as a regulatory concern.
Read on to learn how you can make sure your reporting is accurate - and ensure as smooth a process as possible:
Know Your Deadlines
The best thing you can do to prepare for PRF reporting is to start early. Don’t wait until the last minute – there’s no option for an extension, so if you run into any issues close to the deadline, you won’t have additional time to solve them.
Keep this table on hand to quickly reference important reporting dates:
*As indicated by the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution section of the 2022 Compliance Supplement
To make sure you understand your reporting requirements, use the following checklist:
PRF reporting is complicated, but there are some success tips that can make it easier:
Questions?
If you have any other questions about the Provider Relief Funds and reporting requirements, reach out to our Healthcare Team!
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