tci Medicare Compliance & Reimbursement - 2020 Issue Q3

Industry Notes: Know the PRF Details on Sales and Purchases

Tip: Read the fine print. If you’re planning on selling off practice assets connected to CARES Act Provider Relief Fund (PRF) payments, you may want to revisit the Department of Health and Human Services’ (HHS) policies first. Why? Purchasers and sellers should “be aware of the restrictions on the receipt and transfer of those payments,” cautions attorney John Waters with Roetzel & Andress in Chicago. In its PRF frequently asked question set, HHS makes clear that “providers that received Provider Relief Fund payments prior to a sale of their assets may not transfer those funds...

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