Update: Reporting on Use of Provider Relief Funds

Time: 10:00 AM

Location:

10 to 11 am

Webinar

Registration:

Registration is complimentary for IHA members.

Register Online

The Provider Relief Fund (PRF) has been a critical lifeline in offsetting the exorbitant costs hospitals incurred amid COVID-19. Providers that received PRF funding must comply with certain reporting requirements as outlined by the U.S. Department of Health and Human Services (HHS).

This IHA webinar will get you up to speed on the evolving reporting requirements, which are currently broken into two phases:

  1. Providers must report on funds expended through the end of the 2020 calendar year by February 15, 2021.

  2. In July 2021, providers must report on additional funds expended in 2021. However, application and reporting deadlines for PRF dollars have been moving targets, evolving as the pandemic continues.

Subject matter experts will outline the latest requirements for PRF dollars and reporting guidance from HHS. You’ll also learn strategies to maximize retention of PRF dollars for your organization.

Objectives

At the conclusion of this session, participants should be able to:

  • Identify updated post-payment reporting requirements and timelines.

  • Describe PRF documentation expectations and identify strategies to retain as much COVID-19 funding as is supportable.

  • Outline compliance strategies for PRF reporting requirements and timelines known at the time of the webinar.

Who Should Attend

This webinar is designed for the leaders and professionals in:

  • Administration

  • Finance

  • Operations

  • Revenue cycle

  • Patient financial services

Speakers

Brian Pavona, CPA, FHFMA, Partner, BKD CPAs and Advisors
Pavona is the Health Care Industry Leader at BKD’s Chicago office, with 17 years of experience providing audit, risk and business advisory services to public, private, equity-backed and not-for-profit entities. He advises academic medical centers, multi-hospital health systems, community and rural hospitals, clinics, community health centers, long-term care facilities and more. Pavona specializes in tax, due-diligence, valuation, revenue cycle and reimbursement, and other healthcare advisory areas.

Frederick Helfrich, CPA, Partner, BKD CPAs and Advisors
Helfrich's has 25 years of experience in internal control reviews, preparing financial forecasts and projections, and debt capacity analyses. His reimbursement consulting services include reviewing interim Medicare payment rates, preparing Medicare exception and volume decline payment requests, analyzing the Medicare reimbursement implications of various programs and assisting clients with reimbursement strategies. In addition, Helfrich supervises the preparation of Medicare, Medicaid and other third-party payer cost reports, and works with third-party payer auditors to settle cost reports.