WEBINAR MATERIALS: Current Update on CARES Act Provider Relief Fund Reporting

1/21/2021

Webinar held Thursday, January 21, 2021.

The CARES Act provided $175 billion for distribution by HHS healthcare providers. These funds came in the form of grants, not loans, and were intended to help address the devastating financial implications of COVID-19 on the healthcare sector – including lost revenues, declining utilization, new and increased expenses, and enhanced enforcement initiatives – all within a matter of months and at levels unprecedented in recent history. While these federal grants were essential in continuing service delivery, the associated reporting requirements (and the potential need for single audits associated with federal grants), were slow to be released with specific details.

All recipients were required to attest to specific terms and conditions, provide estimates of lost revenues, furnish tax returns and other financial data to HHS, and agree to reporting requirements, the details of which were often vague and subject to change.  This webinar, presented by the Saltmarsh Healthcare leadership team of Andrew Kent, Esq., CVA, and Claudia Reingruber, CPA, CHC, will focus on the latest information relating to:

  • Medicare and Medicaid cost reporting implications
  • Mandatory reporting requirements for recipients of $10,000 or more
  • Expanded reporting requirements for recipients of $500,000 or more
  • Current update on reporting procedures and timelines
  • Single Audit requirement for recipients of $750,000 or more
  • Important updates to FAQs issued by HHS, CMS, and others


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