New Provider Relief Fund reporting requirements were issued on January 15, 2021 in accordance with the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. The Department of Health and Human Services (HHS) is currently reviewing this guidance and Provider Relief Fund reporting timelines. We continue to encourage recipients of Provider Relied Fund payments exceeding $10,000 to register in the Provider Relief Fund Reporting Portal while additional guidance is forthcoming. The Biden Administration is reviewing all programs and policies, including the Provider Relief Fund program, to determine the path forward.

On May 12, 2021, HHS Secretary Xavier Becerra said the agency is considering extending the deadline that providers have to spend relief funds by, but did not provide a timeline of when more aid might be delivered. We will continue to monitor all updates from HHS and other communications as they are generated, in particular as to the future reporting of expenses and lost revenues incurred against your Provider Relief Fund monies.

For more information, view the Provider Relief Fund Reporting User Guide. Please contact your Somerset advisor at 317.472.2200 or with any questions.