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...