Practice owners who received Provider Relief Fund (PRF) payments exceeding $10,000 in the aggregate between July 1, 2020 and December 31, 2020 are required to self-report during Reporting Period 2 (RP2) which runs through March 31st. Providers who fail to comply with this requirement by March 31st will be deemed out of compliance with the program’s Terms and Conditions and could be subject to forfeiture of all PRF subsidies received during the second half of last year. Check out the Provider Relief Fund Reporting Non-Compliance Fact Sheet at: https://www.hrsa.gov/sites/default/files/hrsa/provider-relief/reporting-non-compliance-fact-sheet.pdf.
For our clients who are required to report on PRF payments, you have likely received multiple emails from both HRSA as well as from our staff offering to help satisfy your self-reporting requirements. If you would like our assistance to self-report, please email Nate (prf@schwartzaccountants.com) soon so we can help make sure that you meet the March 31st deadline.
For any clients who have already completed the reporting requirement on their own or plan to do so by March 31st, please reach out to Nate (prf@schwartzaccountants.com) to let him know and we will update our records accordingly.
More info about the self-reporting requirement and the March 31st deadline is available at: https://www.hrsa.gov/provider-relief/reporting-auditing. Our fee to assist our clients who use our payroll service with the self-reporting application is $750.