Regulatory and Industry News Alerts from Armanino
Article

Provider Relief Fund Reporting for Period 2 Begins January 1, 2022

by Ron Present
December 22, 2021

Providers who received over $10,000 in Provider Relief Fund (PRF) payments between July 1, 2020, and December 31, 2020, can begin the reporting process for Period 2 on January 1, 2022. The reporting period ends on March 31, 2022.

Period 2 will include many providers who were not required to report in Period 1. If providers did not receive any PRF payments between April 10, 2020, and June 20, 2020, or received less than $10,000 in this period, they were not required to report. If you were required to report in Period 1, but received less than $10,000 in Period 2, an additional report is not required.

If You Reported in Period 1

If you did report in Period 1 and are required to report in Period 2, you should know that expenses and lost revenues reported in Period 1 cannot be used in Period 2 reporting. Any provider who received Period 1 PRF payments and did not report by the end of the grace period on November 30, 2021, must return their PRF payments by December 30, 2021. Instructions for returning the payments are on the Health Resources & Services Administration website.

If It’s Your First Time Reporting

If you are completing your first report, you should register in the PRF portal if you have not already done so. You should also review the reporting requirements and download the portal worksheets to help prepare for your submission.

If you have questions or need assistance, contact our healthcare industry experts.

Stay In Touch

Sign up to stay up-to-date with the latest accounting regulations, best practices, industry news and technology insights to run your business.

Resources
Related News and Insights
Nonprofit Boosts Brand Awareness and Website Traffic With Award-Winning Commercial and Ad Campaign
Case Study
A successful ad campaign drives a nonprofit’s brand visibility and increases their social and digital engagement.

June 16, 2022
Nine Ways Technology Solves Top Healthcare Industry Challenges
Article
Attaining operational stability is critical in the face of an increasingly competitive and volatile marketplace.

May 25, 2022
Sandstone Care Gets Faster, More Accurate Financial Data Through Sage Intacct’s Healthcare Financial Management Software
Case Study
The healthcare company developed more insightful KPIs and consolidated data across various disparate systems.

May 06, 2022