tci Medicare Compliance & Reimbursement - 2020 Issue Q2

Finance: Prepare Now for Audits From COVID-19 Funding

Document where your reimbursement is coming from — and how you’re using it. Now that the feds have replenished the Small Business Administration’s Paycheck Protection Program (PPP), providers have another COVID-19-funding option to choose from. But the relief funds are sure to go quickly, so you may want to review the two available financial assistance programs ASAP. Reminder: You won’t have to pay back money from the PPP program or the Provider Relief Fund, as long as you meet certain terms and conditions. In contrast, you’ll need to repay accelerated payments within 210 days, with...

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