The March 31, 2022, deadline to report Provider Relief Funds (PRF) received greater than $10,000 between July 1, 2020 to December 31, 2020 is quickly approaching. Organizations can report their PRF for the second reporting period at Health Resources & Services Administration’s Provider Relief Fund (PRF) Portal.
Organizations have until the portal closes on March 31, 2022, to report the use of those funds. Importantly, organizations that do not accurately report the funds within the correct Reporting Period will be out of compliance with the Terms and Conditions of the PRF, which could exclude them from receiving future payments. Furthermore, the funds may also be subject to recoupment. Below is a breakout of the reporting periods.
|Reporting Period||Payment Received Period||Deadline to use funds||Reporting Time Period|
|1||April 10, 2020, to June 30, 2020||June 30, 2021||July 1, 2021, to September 30, 2021*|
|2||July 1, 2020, to December 31, 2020||December 31, 2021||January 1, 2022, to March 31, 2022|
|3||January 1, 2021, to June 30, 2021||June 30, 2022||July 1, 2022, to September 30, 2022|
|4||July 1, 2021, to December 31, 2021||December 31, 2022||January 1, 2023, to March 31, 2023|
*Reporting period was extended until 11/30/2021.
As noted in the table above, organizations who received funding above the threshold have a deadline of 1 year to use these funds. Furthermore, the organizations have 90 days after this deadline to report the use of these funds by way of the PRF portal.
For additional information regarding PRF and the reporting of funds received, see McKonly & Asbury’s previous article.
If you have questions about the information outlined above, McKonly & Asbury’s experienced professionals are here to help. Learn more about McKonly & Asbury’s Healthcare Practice by visiting our website or by contacting the Healthcare Practice Director, Janice Snyder, Partner.