What’s new in the CARES Act Provider Relief Fund FAQs as of Aug. 27

• As of Aug. 27, the U.S. Department of Health and Human Services had not  provided the overdue CARES Act PRF reporting instructions.
• HHS did add on Aug. 27 an additional question/answer related to who should attest to the terms and conditions when a parent organization receives a targeted distribution payment for a subsidiary.
• HFMA will continue to monitor the HHS Provider Relief Funds website and update members when guidance is available.

There’s still no word from the U.S. Department of Health and Human Services (HHS) on the overdue CARES Act PRF reporting instructions.

However, HHS did add an additional question/answer related to who should attest to the terms and conditions when a parent organization receives a targeted distribution payment for a subsidiary.

The answer from HHS, added on August 27, states, “The parent entity should attest to the Terms and Conditions for the Targeted Distribution payment if it is the entity that received the payment. It may attest on behalf of any or all subsidiaries that qualified for a Targeted Distribution payment. The parent entity must transfer a Provider Relief Fund Targeted Distribution payment to any or all subsidiaries that qualified for a Targeted Distribution  payment. Control and use of the funds must be delegated to the entity that was eligible for the Targeted Distribution payment if a parent entity received the Targeted Distribution payment on the behalf of an eligible subsidiary.”

Takeaway

HFMA will continue to monitor the HHS Provider Relief Funds website and update members when guidance is available.