#Money_Calculator

Physicians who received Provider Relief Fund (PRF) payments between April 10 and June 30, 2020, in excess of $10,000 will now have an extra 60-days to complete the post-payment reporting process.

PRF recipients are required to report for each “payment received period” in which they received one or more payments exceeding, in the aggregate, $10,000 (rather than $10,000 cumulatively across all PRF payments).

Although the U.S. Department of Health and Human Services (HHS) deadline to report on payments received between April 10 and June 30, 2020, is still officially September 30, 2021, HHS recently announced that it would not seek recoupment or initiate enforcement actions for noncompliance until November 30, 2021.

This 60-day grace period was established due to challenges physicians and other health care entities are seeing as a result of both COVID-19 surges and natural disasters being experienced from coast to coast.

Physician practices that received $10,000 or less in payments during the April 10-June 30, 2020 timeframe do not have to report on their use of these relief funds.

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