HHS’ drop-dead deadline for Phase 2 Provider Relief Fund reporting is March 31st. Failure to meet this deadline means you’ll have to return every penny.
Note: You are only required to report usage of these relief funds if you received more than $10,000. If you receive less than this amount, you don’t have to take any action.
You should have received your Phase 2 relief funds from HHS between July 1, 2020, and December 31, 2020, and you were required to have spent all of the money by December 31, 2021. (The reporting period for these phase 2 funds opened January 1, 2022.)
HHS has made it clear that no extension of the March 31st deadline will be granted. Additionally, knowingly submitting an incomplete or false report could open your practice up to criminal, civil, or administrative penalties.
Since the launch of HHS’ Provider Relief Fund Reporting Portal, there have been a variety of reporting rule changes that make the process of submitting your usage data even more complicated and time-consuming.
Failure to meet the March 31 deadline will result in your practice being categorized as non-compliant. Should this occur, you will not only be required to return the funds to HHS (regardless of whether you have spent the funds or not), you can be hit with several additional punishments as well:
- Debt collection and recovery proceedings
- Barred from receiving or retaining any future Provider Relief Fund payments, even if you’ve been approved for Phase 4 payments (if you don’t return the funds within 30 days)
- There are also additional penalties that can be applied based HHS’ determination.
Whether you are frantically rushing to meet HHS’ Phase 2 reporting deadline or want to prepare for upcoming reporting deadlines for Phases 3 or 4, there is help available. On Thursday, March 24th at 3pm ET, healthcare attorney, Amanda Waesch, Esq., is presenting a live online training session to walk you through the HHS Provider Relief Fund Portal reporting process.
By attending this upcoming online training, Keep Your HHS Phase 2 Relief Funds: Report w/ New Rules by Mar. 31, will provide you with step-by-step instructions on what documentation you are required to provide, how to calculate lost revenue, and much, much more.
If your practice has received any Provider Relief Funds, or you anticipate receiving them, you need this important online training. Register today!