HHS Updates Provider Relief Fund (PRF) Reporting Requirements

Carl J. Pucci in Finance & Reimbursement

HHS has revised its reporting instructions to increase flexibility for providers to apply PRF funding towards applicable COVID-related lost revenues. Providers may now use PRF funds to cover any lost revenue (measured as a negative change to year-over-year actual revenue.) Previous guidance had limited the definition of lost revenue. 

HHS has also expanded the pool of eligible Phase 3 applicants to include Assisted Living facilities.

A reminder that all Phase 3 applicants have until November 6, 2020 to submit their application. 

Below is AHCA/NCAL’s update with helpful resources: 

Yesterday (Thursday, October 22), the U.S. Department of Health and Human Services (HHS), announced changes to the reporting requirements and expanded the types of providers who could apply for Provider Relief Funds. 

Key Takeaways: 

  • HHS is returning to its previous definition of lost revenue, a decrease from 2019 revenue, rather than using the September 19 version which would have capped funds to a facility’s 2019 net revenue. 
  • HHS has created new flexibility around reporting at the parent and subsidiary level. 
  • HHS now is allowing private pay ALs to apply for Phase 3 awards. 

From the HHS press release: 

“In response to concerns raised, HHS is amending the reporting instructions to increase flexibility around how providers can apply PRF money toward lost revenues attributable to coronavirus. After reimbursing healthcare related expenses attributable to coronavirus that were unreimbursed by other sources, providers may use remaining PRF funds to cover any lost revenue, measured as a negative change in year-over-year actual revenue from patient care related sources.” 

All Phase 3 applicants will have until 11:59PM EST on November 6, 2020 to submit their applications for payment consideration. 

Learn more: 

For updates and to learn more about the Provider Relief Program, visit: hhs.gov/providerrelief.  

READ MORE COVID-19 UPDATES 

Please email COVID19@ahca.org for additional questions, or visit ahcancal.org/coronavirus for more information. 

NYSHFA/NYSCAL CONTACTS:

Carl J. Pucci
Chief Financial Officer
518-462-4800 x36