HHS has announced a 60-day grace period for September 30, 2021 Reporting Deadline

by | Sep 13, 2021

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was passed and signed into law. This bill included $100 billion in funding to a Provider Relief Fund (PRF) for aid during the COVID-19 pandemic. The fund is managed by the Office of the Secretary of the Department of Health and Human Services (HHS) and dollars are held within its Health Resources Services Administration (HRSA).

These funds have been distributed to healthcare providers and facilities for financial assistance and do not have to be repaid as long as the provider meets the PRF’s terms and conditions and demonstrates financial need through reporting. When providers requested the funds, they attested that the funds would only be used to prevent, prepare for, and respond to COVID-19.

As of July 2021, the HHS has released the reporting deadlines which can be found on our website here.

On September 10, 2021, the HHS announced a 60-day grace period to help providers come into compliance with the PRF reporting requirement if they are required to and fail to meet the first reporting deadline of September 30, 2021. The deadline to use the funds and reporting time period will not change. The grace period begins on October 1, 2021 and will end on November 30, 2021. This grace period applies only to the first reporting deadline. More information can be found here.

As your trusted advisors, we are committed to keeping you well-informed with regard to HHS and financial relief offered for healthcare providers and facilities. Please sign up for updates as we will continue to publish information on any new relief targeted at the healthcare industry.

These sources are simply included for informational purposes. KHA Accountants, PLLC, its partners and others do not provide any assurance as to the accuracy of these items or the information included therein. As such, KHA Accountants, PLLC cannot be held liable for any information derived from referenced sources. This is intended for illustrative and discussion purposes only.

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