Provider Relief Fund (PRF) Reporting Guidance
You’re likely to hear more on this over the next week as the Certified Public Accounting (CPA) firms ramp up marketing on how they can help. To-date, the information below and the linked material is all HHS has released – there is no more detail. The guidance is very high level, subject to interpretation, and very possibly will change. We also are expecting considerably more narrative guidance, a reporting template, educational webinars, and case examples. So, much more to come.
We, along with AHCA/NCAL, are aware that considerable clarification and work is needed on the guidance. And, because HHS has made modifications in the past, we believe further modifications are possible. The guidance impacts all PRF recipients – hospitals, docs, HCBS providers, etc. To that end, AHCA/NCAL is working with the major CPA associations, the Healthcare Financial Management Association (HFMA) and the American Institute for CPA (AICPA), as well as several health care provider groups on the PRF reporting and auditing guidance. Here is an HFMA sign-on letter targeting the reporting guidance.
To support this work, AHCA/NCAL has convened a PRF Reporting & Auditing Advisory Group comprised of member CFOs, Legal Committee members, and CPA firms who are Associate Business Members who are working with staff on feedback to HHS.
For More Information
- View AICPA Governmental Audit Quality Center webinar on Single Audit. The “Preparing for First Single Audit for Auditees” event is located here. You must register for the webinar but it is free. Additionally, note this first AICPA Governmental Audit Quality Center webinar is for Not-for-Profits but it will provide insights on how HHS will apply the Single Audit to PRF. AICPA has agreed to provide a free For-Profit version once the PRF Single Audit guidance is released.
We hope you find this information helpful and if you have any questions, please contact us or firstname.lastname@example.org