Volume 22.03
Many providers are confused regarding the required reporting for the use of Provider Relief Funds (“PRF”). Reporting timelines are based on when the funds were received by the provider. The following summarizes when funds must be used and reported to the Health Resources and Services Administration (“HRSA”).
Payments Deadline to Deadline to
Received Use Funds Report
Apr 10 – Jun 30, 2020 Jun 30, 2021 Nov 30, 2021
Jul 1 – Dec 31, 2020 Dec 31, 2021 Mar 31, 2022
Jan 1 – Jun 30, 2021 Jun 30, 2022 Sept 30, 2022
Jul 1 – Dec 31, 2021 Dec 31, 2022 Mar 31, 2023
If your organization received funding between July 1, 2020, and December 31, 2020, reporting for the use of those funds (more than $10,000) is due on or before March 31, 2022. Remember, it is important to continue to track expenses incurred because of the COVID-19 PHE through the end of the PHE. The public health emergency is currently effective through April 16, 2022.
Current legislation does not provide for any additional COVID-19 PHE payments other than those previously authorized.
PREPARE FOR MEDICARE SEQUESTRATION PAYMENT REDUCTIONS
Currently, a one percent (1%) reduction in Medicare payments (sequestration) is scheduled to take effect on April 1, 2022 and continuing through June 30, 2022. Effective July 1, 2022, the sequestration payment reduction will return to two percent (2%).
Current legislative efforts do not include any delay in reactivating the sequestration.
2022 HOSPICE FINANCIAL MANAGEMENT ACADEMY SCHEDULED
The 2022 Hospice Financial Management Academy is scheduled for September 19-20, 2022, at the Hotel Monteleone, New Orleans, Louisiana. Program details are still in development; however, the program will include break-out sessions allowing attendees more educational opportunity.
The program will include up-to-date information regarding developing improved financial reporting, program integrity audits, Medicare Advantage initiatives, CAP monitoring plans, cost reporting developments and update, addressing accounting and financial reporting issues for hospices (especially dealing with issues for tax-exempt providers), recent Medicare enrollment review focus by CMS and the MAC, follow-up on PRF reporting due in 2023, PIP reimbursement changes and activities, and more.
Registration information will be available in the next few weeks. As always, we limit the number of attendees due to the nature of the program.