Provider Relief Fund (PRF) Reporting Requirements

Helping organizations comply with reporting requirements by identifying and capturing necessary, accurate data.

Recipients of Provider Relief Fund (PRF) payments exceeding $10,000 in the aggregate must report required information, including intent, use of funds, and other data elements. Failure to comply with Terms and Conditions could result in repayment of funds.

Funds can be applied in the following manner and order:

  • Unreimbursed healthcare-related expenses attributable to coronavirus
  • Lost revenues attributable to coronavirus

How Mazars Helps

Mazars has a dedicated team solely focused on providing advisory services for COVID-19 regulatory and financial relief programs.

Our specialists can help:

  • Identify unreimbursed expenses (net of other funding sources, e.g., SBA lending, CARES Act Testing)
  • Measure accurate lost revenue
  • Determine reporting requirements based on funding level
  • Ensure full compliance with all related requirements such as reporting submission deadlines

Our Services 

  • Regulatory & Financial Relief Assistance
  • Compliance
  • Revenue Cycle Management
  • Profitability Consulting Services
  • Tax & Accounting Advisory Services

Conducting a Compliance Program Assessment for an MSSP Accountable Care Organization
When effective, an ACO’s compliance program sets standards and assists with identifying risk, ensuring open lines of communication on compliance issues, implementing training to enforce standards, preventing the ACO and participants from employing individuals sanctioned...

Cares Act PRF (Provider Relief Fund) Reporting Requirements
The Provider Relief Fund with its 175 billion of allocated funds was established as part of the CARES Act to provide support to healthcare providers in the battle against the COVID-19 pandemic. Qualified healthcare providers were able to receive PRF payments for healthcare-related expenses or lost revenue due to COVID-19. 

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