HHS Announces 60-Day Grace Period for Provider Relief Fund Reporting for Period 1 and New Phase 4 – General Distribution
HHS Announces 60-Day Grace Period for Reporting Period 1
The September 30, 2021 Reporting Period 1 deadline has not changed. However, in response to challenges providers are facing given the Covid surges and natural disasters around the country, a 60-day Grace Period is in place. This period allows providers to come into compliance with their PRF reporting requirements should they fail to meet the September 30, 2021 deadline. The grace period ends November 30, 2021. For more information, visit Provider Relief Fund Reporting Requirements and Auditing.
NEW: Phase 4 – General Distribution
On September 29, 2021, health care providers will be able to apply for $25.5 billion in relief funds, including $8.5 billion in American Rescue Plan (ARP) resources for providers who serve rural patients and $17 billion for Provider Relief Fund (PRF) Phase 4 for a broad range of providers who can document revenue loss and expenses associated with the pandemic. With respect to the Phase 4 General Distribution, $17 billion will be distributed based on providers’ lost revenues and changes in operating expenses from July 1, 2020 to March 31, 2021. For more information, visit Future Payments.
For additional assistance, please contact Lee Ferber, CPA who will be able to provide additional assistance regarding the Provider Relief Fund program.