When lawmakers originally established the $175 billion Provider Relief Fund, one of the conditions was for providers to submit reports outlining how the grant money was spent beginning July 10, 2020. However, the Department of Health and Human Services (HHS) stated that the initial reporting period requirement has been delayed.
On Monday, July 20th, HHS announced that healthcare providers who received more than $10,000 in Provider Relief Funds will now have to account for all the grant funds they spent in 2020 by February 15, 2021. The $10,000 threshold is a change as the initial stipulation in the Coronavirus Aid, Relief, and Economic Security Act called for reporting if providers received more than $150,000 in grant relief funds.
HHS has not yet released the reporting requirements. However, they announced that detailed instructions would be provided by August 17, 2020. According to HHS, the reporting system is set to open on October 1, 2020. If any portion of the grant funds received are not spent by the end of 2020, a final report on the remaining funds will be required by July 31, 2021. The announcement also stated that the Health Resources and Services Administration will hold sessions via webinar before the submission deadline to allow for questions and answers.
APS Medical Billing will continue to keep you up to date as more information becomes available.