Volume 20.37 Section 1877 of the Social Security Act ("the Act"), also known as the physician self-referral law or “Stark Law” prohibits: A physician from making referrals for certain designated health services (“DHS”) payable by Medicare to an entity with which he or...
PPP LOAN FORGIVENESS TAX IMPACT WILL BE IN 2020
Volume 20.36 Many healthcare providers are taxable entities and secured PPP loans. These providers, like other businesses, were taken off guard when the IRS determined that qualifying expenses would not be deductible once loan forgiveness was secured. Additionally,...
PROVIDERS NEED TO PREPARE NOW FOR REPORTING USE OF PROVIDER RELIEF FUNDSPROVIDERS NEED TO PREPARE NOW FOR REPORTING USE OF PROVIDER RELIEF FUNDS
Volume 20.35 The Department of Health and Human Services (“HHS”) has released updated guidance on reporting the use of Provider Relief Funds (“PRF”). The updates provide some clarification regarding the upcoming reporting. Providers can follow their normal accounting...
REPAYMENT TERMS FOR MEDICARE ADVANCE PAYMENTS MODIFIED
Volume 20.34 CMS successfully paid more than 22,000 Part A providers, totaling more than $98 billion in accelerated payments. This included payments to Part A providers for Part B items and services they furnished. In addition, more than 28,000 Part B suppliers,...
ADDITIONAL MEDICARE PROVIDER ENROLLMENT SCRUTINY
Volume 20.33 While healthcare providers deal with the COVID-19 PHE, preparing to deal with HHS reporting on the use of Provider Relief Funds, and many other ongoing issues, silently on May 22, 2020, CMS rolled out Transmittal 10146, which completely reorganized...
PROVIDER RELIEF FUNDING PHASE 3
Volume 20.32 The U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), has announced $20 billion in new funding for providers on the frontlines of the coronavirus pandemic. Under this Phase 3 General...
PROVIDER RELIEF FUND REPORTING REQUIREMENTS RELEASED
Volume 20.31 HHS has finally issued general reporting requirements for the use of Provider Relief Funding. This document provides information on provider reporting guidelines, including intent, use of funds, and data elements requested. The purpose of the notice is...
HHS REPORTING FOR USE OF CARES ACT PROVIDER RELIEF FUNDING?
Volume 20.30 Previously, the U.S. Department of Health and Human Services (“HHS”) issued Notice of Reporting Requirements relating to the use of Provider Relief Funds. HHS informed providers that forms would be available in mid-August 2020 and would be required for...
CMS RELEASES GUIDANCE ON CERTAIN COVID-19 PHE RELATED ITEMS ON COST REPORT SUBMISSIONS
Volume 20.29 On August 26, 2020, CMS issued an update on COVID-19 Frequently Asked Questions (FAQs) on some cost report issues. The following summarizes current CMS guidance. Reporting Provider Relief Funding – All providers are to report funding provided on the...
COMPLIMENTARY WEBINAR – CONSOLIDATION IN HOME HEALTH & HOSPICE: KEY TRANSACTIONAL CONSIDERATIONS
Volume 20.28 Tomorrow at 1:00 p.m. (Thursday, August 13, 2020), Provider Healthcare Partners, along with The Health Group, LLC will be hosting a complimentary webinar on issues relating to home health and hospice mergers and acquisitions.
CMS PROPOSES TO TAKE AWAY ECONOMIC BENEFIT OF PPP LOANS TO CERTAIN RURAL PROVIDERS
Volume 20.27 Recently the U.S. Centers for Medicare & Medicaid Services (“CMS”) sent the following notice to Critical Access Hospitals (“CAH”) and Rural Health Clinics (“RHC”): “To prevent the duplication of benefits from the federal government…
HHS SETS SCHEDULE FOR REPORTING USE OF PROVIDER RELIEF FUNDS
Volume 20.26 Congress appropriated funding to reimburse eligible health care providers for health care related expenses or lost revenues attributable to coronavirus. The Health Resources and Services Administration (HRSA) is administering the distribution of payments...
COST REPORT FILINGS EXTENDED AGAIN
Volume 20.25 Cost report filings for the cost reporting period ended December 31, 2019 have been further extended from July 31, 2020 until August 31, 2020. This information has been posted on the CGS website. Expect further postings from CMS and other Medicare...
PROVIDER RELIEF FUND RECIPIENTS – NO QUARTERLY REPORTING?
Volume 20.24 The Health Group, LLC never thought that the U.S. Department of Health and Human Services (“HHS”) would be able to develop a format for reporting use of Provider Relief Funds in time to meet the initially scheduled July 10, 2020 reporting date. Yesterday,...
SBA RELEASES UPDATED PPP LOAN FORGIVENESS APPLICATION AND REVISED INTERIM FINAL RULE
Volume 20.23 The U.S. Small Business Administration (“SBA”) has released its updated Loan Forgiveness Application. Additionally, certain borrowers may qualify for the new Alternative Loan Forgiveness Application. The Loan
WILL YOU BE SUBJECT TO AUDIT AS A RESULT OF PROVIDER RELIEF FUNDING?
Volume 20.22 The Health Resources and Services Administration (HRSA) has announced the Provider Relief Fund will be subject to Single Audit requirements. Provider Relief Funding was provided to fund COVID-19 PHE expenses or lost
EXPECT EXPANDED PPP LOAN FORGIVENESS
Volume 20.21 Last night, the U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation (“Paycheck Protection Flexibility Act”). The legislation will triple the time allotted for PPP loan recipients to spend the funds and still qualify for...
HHS PROVIDES ADDITIONAL CLARIFICATION REGARDING PROVIDER RELIEF FUNDS
Volume 20.20 The U.S. Department of Health & Human Services has released additional information regarding, among other things, the appropriate use of Provider Relief Funds. According to HHS: “The term “health care related expenses attributable to coronavirus” is...
OIG TO REVIEW HOW PROVIDER RELIEF FUNDS WERE DISTRIBUTED
Volume 20.19 The U.S. Department of Health and Human Services (“HHS”), Office of Inspector General (“OIG”) has added “Audit of CARES Act Provider Relief Funds-Distribution of $50 Billion to Health Care Providers” to the OIG Work Plan. It will be the responsibility of...
SBA RELEASES PPP LOAN FORGIVENESS APPLICATION
Volume 20.18 On Friday, May 15, 2020, the SBA released the PPP Loan Forgiveness Application. A copy of the application and instructions is available here. The Application sets forth the documentation required to verify expenses for purposes of the forgiveness...