PRF Reporting Delayed

Last year, the Coronavirus Aid Relief and Economic Security (CARES) Act appropriated funds to reimburse eligible healthcare providers for healthcare-related expenses or lost revenues attributable to coronavirus. These funds were distributed by the Health Resources and Services Administration (HRSA) through the Provider Relief Fund (PRF) program. Recipients who received one or more payments exceeding $10,000 in aggregate will be required to report data elements on the funds' use as part of the post-payment reporting process through the PRF reporting portal. In recent months, the guidance indicated that the PRF reporting portal would open on January 15, 2021, and that providers would have until February 15, 2021, to upload required documentation. However, due to the recent passage of federal legislation which earmarked $3 billion to the PRF program, the HHS provided an update that amended the reporting timeline. It did not include a new date for submissions to begin. 

While the new date of reporting has not been announced, we recommend that you take the proper steps to get ready for future reporting requirements.

• Register at the PRF Reporting Portal
• Gather the required information necessary to register for the PRF Reporting Portal. The registration process will take at least 20 minutes and must be completed in one session. You cannot save a partially complete registration. Make sure you have all of the required information before you begin registration.
• Review the Frequently Asked Questions (faqs)

Required Information Needed to Register for the PRF Reporting Portal:

• Tax ID Number (TIN) (or other number submitted during the application process (e.g., Social Security Number, Employer Identification Number (EIN))
• Business Name (as it appears on a W-9) of the reporting entity
• Contact information (name, phone number, email) of the person responsible for submitting the report
• Address (street, city, state, five-digit zip code) of the reporting entity as it appears on a W-9)
• TIN(s) of subsidiaries (if a provider is reporting on behalf of subsidiary(ies) - in a list delimited by commas, e.g.,123456789,987654321,135791357)
• Payment information (for any of the payments received)
• TIN of entity that received the payment 
• Payment amount 
• Mode of payment (check or direct deposit ACH) 
• Check number or ACH settlement date 

Register for the PRF portal today. Contact your Whittlesey advisor for more information.