HHS Publishes More Details related to PRF Reporting Requirements


In follow up to our September 25th blog posting entitled “HHS Publishes Reporting Requirements for Payment Relief Fund (“PRF”) Recipients”  (CLICK HERE), HHS has recently released a summary of those requirements as well as a detailed listing of definitions for the application process. 


HMA continues to be concerned that the requirements for keeping this money, as well as applying for the new round (“HHS #”) of PRF money, has changed from demonstrating “lost revenue due to Covid” to providing revenue AND expense data for 2019 and 2020 that will enable HHS to calculate “lost net revenue due to Covid”.


The summary information is provided in this link (CLICK HERE):


Details, including the following statement, are provided in this link (CLICK HERE):


“In this section Reporting Entities provide information used to calculate lost revenues attributable to coronavirus, represented as a negative change in year-over-year net operating income from patient care related sources. Once revenue information is provided, cost/expense impacts will be calculated based upon a calendar year comparison of 2019 to 2020 healthcare expenses to determine net operating income.”


As stated in the “Summary” link, the reporting portal opens on January 15, 2021 and reports for most are due by February 15, 2021.  HMA consultants will continue to study these very confusing and ever changing requirements and are hopeful that we will gain clarity prior to the reporting deadline.

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