HHS PRF Reporting Update

HHS Reporting Deadline Coming Soon

If you received a Health and Human Services (HHS) Provider Relief Fund (PRF) payment, a reporting deadline is approaching. As you may recall, there were 3 phases of HHS Relief payments. You may have received relief payments from Phase 1 or Phase 2, and possibly from Phase 3. If your payments totaled more than $10K, you are required to report the use of those funds.

The original first reporting deadline was January 15, 2021, through February 15, 2021. The stimulus bill that passed in late December 2020 has pushed these dates. Updated dates are still not known.

HHS Reporting Portal Open for Registration

But the portal is open, and HHS is encouraging you to begin the registration process.  Home (hrsa.gov)  BE PREPARED before you start. According to the HHS website, “You cannot save a partially complete registration. Make sure you have all of the information required to register before you begin.”

Data Needed for Registration

What do you need? Here is the list directly from HHS. Note, especially the 3 items where we’ve added **. The payment amounts and dates are least likely to be at your fingertips. So be sure to look up that information in advance.

  • Tax ID Number (TIN) (or other number submitted during the application process (e.g., Social Security Number, Employer Identification Number (EIN))
  • Business name (as it appears on a W-9) of the reporting entity [This should be your legal business name.]
  • Contact information (name, phone number, email) of the person responsible for submitting the report
  • Address (street, city, state, five-digit zip code) of the reporting entity as it appears on a W-9)
  • TIN(s) of subsidiaries (if a provider is reporting on behalf of subsidiary(ies) – in a list delimited by commas, e.g.,123456789,987654321,135791357)
  • Payment information (for any of the payments received)
    • TIN of entity that received the payment
    • **Payment amount
    • **Mode of payment (check or direct deposit ACH)
    • **Check number or ACH settlement date 

You must report a second time if all your funds were not utilized by December 31, 2020. The second reporting deadline is scheduled for July 31, 2021, and will not likely change.

Specific reporting and supporting data requirements for the HHS PRF are here, but I wouldn’t try to read this too close to bedtime. 

HHS Phase 3 Relief Announced

10/03/2020 12:43:45 PM

HHS Phase 3 Relief Announced

The Department of Health and Human Resources has announced a new round of relief funding. The portal will be open from October 5 through November 6, 2020. Apply early if you’re eligible!  

So, who’s eligible?

The new round is primarily to benefit two groups that were previously excluded:

  • Practices that opened between January 1 and March 31, 2020.  You were not previously eligible to apply because you had no prior year patient fees.
  • Practices that received a small payment under the general distribution (phase 1).  Round 2 payments were much larger—2% of prior year revenues.  But if you received a phase 1 payment, you weren’t eligible for a phase 2 payment.  You missed out on the more substantial relief.  The new distribution supplements the first payment up to the 2%-of-revenue amount.

Add-on Payment

Also, practices that have already received benefits can apply for an add-on payment for lost revenue.  This is over and above the 2% payment described above, or that you’ve already received.  But approach this add-on with caution! 

Current HHS guidance indicates this may mean reduced net income rather than straight patient fees.  Using that definition, many practices will not ultimately show a decrease in net income for 2020 because expenses paid with PPP funds must be excluded from the calculation.  Many practices are also reporting patient fees trending over 2019.  But they’re reporting lower expenses.  They’re running leaner since the start of the pandemic.  Again, this results in higher net income, not lower.  And if the calculation is truly based on patient fees, and if your practice is one that is trending up from 2019, you won’t qualify for the relief even under the more relaxed definition. 

Consider whether you need it to operate your practice at this point before applying.  HHS relief not used according to the requirements must be returned.

When October 5 arrives and we can see the actual application, we hope to be more enlightened! Click here for the full news release.