tci Medicare Compliance & Reimbursement - 2020 Issue Q4

Provider Relief Funding: Review the Latest PRF Reporting Change

Warning: You may have to pay back funds. If you’ve been patiently awaiting the reporting guidelines for Provider Relief Fund (PRF) payments that the Department of Health and Human Services (HHS) promised ages ago, you’re in luck. However, the updated guidelines may bring your practice more grief and hassles than anticipated. Old guidance: CARES Act PRF funds are supposed to help providers replace revenue lost due to COVID-19. In a PRF Frequently Asked Question (FAQ) issued June 18, HHS said “the term ‘lost revenues that are attributable to coronavirus’ means any revenue that you as...

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