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.

Which Game are You Trying to Win?

Navigate the tricky crossroads of sports and business with KHA Strategic Consultants as we shed light on the key to defining success in your organization. Drawing parallels from football, we discuss the importance of focusing on the right metrics – not just the convenient ones…

Bakes Takes Volume 1, Issue 4

Join Jonny Baker in his monthly roundup of must-read articles for leaders, featuring insights on leadership team reinvention, effective learning strategies, and the true drivers of job satisfaction. Dive in to explore these perspectives and equip yourself with new strategies for creating vision, alignment, and execution in your team.

Pulled in Too Many Directions?

Ever wonder why you’re constantly solving problems, yet your business is not growing? Read this parable about a gardener which illustrates the dangers of losing sight of what’s really important.

Are You Prepared for Battle?

Resources are limited, time is short, and enemies are real. To win the war in your market, you need to know yourself. Learn how to redefine your business strategy for today’s competitive landscape through KHA’s Dynamic Business Advising.

Bake’s Takes Volume 1, Issue 3

In this month’s Bake’s Takes, Jonny Baker explores the shift in leadership dynamics and the value of unleashing employee creativity. Baker discusses the need for a daring, contrarian mindset for breakthroughs and the power of asking the right questions. Gain insights from his top three recommended reads to navigate the complexities of change and strategic management.

Where Do I Look?

Ever felt like finding a solution to your business problem is like finding a needle in a haystack? Just as a needle is found by stepping back from the haystack, let KHA Strategic Consultants give you the outside perspective to find your answers. Contact us today for an objective assessment of your business and a proven path to success.