What You Need to Know About New Provider Relief Fund Portal Reporting
September 16, 2021
Newly Released Updates for PRF Portal Reporting Requirements
Reporting requirements surrounding the Provider Relief Fund (PRF) program continue to evolve, as the U.S. Department of Health and Human Services (HHS) recently announced new funding available for healthcare providers to the tune of $25.5 billion. Of those funds, $17 billion has been earmarked for healthcare providers in PRF Phase 4 who can document revenue loss and expenses associated with the COVID-19 pandemic.
Phase 4 payments are based on lost revenues and expenditures between July 1, 2020, and March 31, 2021, and it will include additional payments for providers that serve Medicaid, Children’s Health Insurance Program (CHIP) and/or Medicare patients. The purpose of additional funding here is aimed at supporting smaller providers and more vulnerable communities.
Furthermore, HHS announced a final 60-day grace period to allow providers more flexibility in their compliance with PRF Reporting requirements. It’s important to note that the deadlines for using funds and the reporting time period have not changed, but if providers fail to meet the September 30 deadline, HHS will not initiate collection activities or similar enforcement actions for noncompliant providers during this period.