On Friday, January 15, 2021, the U.S. Department of Health and Human Services (HHS) updated its reporting requirements to reflect the changes resulting from the Consolidated Appropriations Act, 2021.
Among the changes reflected in the updated requirements are:
- Reporting on Use of Funds is delayed until further notice.
- Recipients of Provider Relief Funds are now able, and encouraged to, register for future reporting.
- Recipients may now calculate lost revenues using one of 3 methods:
- The difference between 2019 and 2020 actual patient care revenue
- The difference between budgeted 2020 and 2020 actual patient care revenue
Any reasonable method of estimating revenue (may face an increased likelihood of an audit by The Health Resources and Services Administration [HRSA])
- If a recipient chooses to calculate lost revenue using budget-to-actual or any reasonable method, additional information is required to be submitted.
- If Targeted Distributions are transferred to another subsidiary of a parent organization, additional information is required.
The notice from the HHS can be viewed here.