Monthly Archives: January 2021

HHS issued revised (again) reporting procedures for Provider Relief Fund (PRF) recipients that received more than $10,000.  The revision:

• Delayed the deadline for the initial report, originally February 15, 2021 for use of funds through December 31, 2020, however a new due date was NOT announced. The final report for use of funds through June 30, 2021 as of now is unchanged at July 31, 2021.
• Changed the “lost revenue” calculation to allow more flexibility. Methods now allowable include:
  • Difference between 2019 and 2020 actual patient care revenue
  • Difference between 2020 BUDGETED and 2020 actual patient care revenue (extra reporting required to attest to budget that was approved prior to March 27, 2020)
  • Other reasonable method, which will lead to a higher likelihood of government audit
• Added flexibility of allocation of funds from Targeted Distributions to subsidiaries

The reporting portal was supposed to open on January 15, however it is now open for registration only.  Here is a link to HHS’ notice.  We are confident additional guidance will be forthcoming.  Stay tuned!

Medicaid Transformation is a behemoth of a project that has been in the works long before we were hit with a public emergency in the form of a pandemic.  Both the Standard Plan and the Tailored Plan are on track to go live on time.  The Standard Plan has a implementation date of July 1, 2021 and the Tailored plans will follow one year later.

This is a good reference to keep updated with the latest from the NC Division of Health Benefits.

Small businesses need all the help they can get.  Especially during a public health emergency.  The PPP loans were designed to provide swift relief to these small businesses.  The latest in PPP news is that the latest round still follow the same conditions, processes and terms as the first draw.  March 31, 2021 is the final day to apply for PPP assistance.  Here are some additional resources:

• Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act
• Interim Final Rule on Second Draw Loans
• SBA Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns