Category: Medical Practice Management
Understanding and minimizing the chance of employee fraud
Do you ever wonder if any of your employees are capable of committing fraud? Trusted persons can become trust violators if three factors are present, often referred to as the “Fraud Triangle”: A secret need for cash. Whether it’s excessive...
Fourth round of healthcare Provider Relief Funds (PRF) available starting Sept. 29
A fourth round of Provider Relief Funding (Phase 4 General Distribution) will be available on the HHS portal beginning September 29 for healthcare providers who can demonstrate lost revenues and expenditures between 7/1/20 – 3/31/21. PRF Phase 4 will reimburse smaller...
Sixty day grace period announced for Provider Relief Funds’ Period 1 reporting deadline
The September 30, 2021 Reporting Period 1 deadline for Provider Relief Fund (PRF) recipients has not changed; however, in response to challenges providers are facing given the COVID-19 surges and natural disasters around the country, a 60-day grace period is...
HHS issued revised reporting requirements for recipients of Provider Relief Fund (PRF) payments (effective June 11, 2021)
HHS recently revised the Post-Payment Notice of Reporting Requirements, which increases the amount of time to report and extends the deadline for spending for recipients of Provider Relief Fund (PRF) payments. This includes increasing the amount of time providers will have to report...
Medical providers who received Provider Relief Fund Payments may need an audit
The Department of Health and Human Services (HHS) is requiring financial statement audits from medical care providers who received more than $750,000 annual total awards in Provider Relief Fund Payments in 2020. Qualifying Provider Relief Fund Payments could include: HRSA Provider Relief Funds...
New round of HHS funding for providers who missed the first round of payments
The U.S. Department of Health and Human Services (HHS) is launching an enhanced Provider Relief Fund Payment Portal that will allow eligible Medicaid and CHIP providers to report their annual patient revenue, which will be used as a factor in...
Healthcare providers must act by June 3 to receive additional relief fund general distribution payment
Today, the U.S. Department of Health and Human Services (HHS) is reminding eligible providers that they have until June 3, 2020, to accept the Terms and Conditions and submit their revenue information to support receiving an additional payment from the...
Medical Practice Owners and Healthcare Providers Eligible for CARES Act Relief Through HHS
Medical practice owners and healthcare providers are eligible for some of the $50 billion CARES Act relief funding through the Department of Health and Human Services (HHS). All relief payments are being made according to tax identification number (TIN). For...
CARES Act Provider Relief Fund brings help to physicians and other healthcare providers during COVID-19 pandemic
As part of the $2 trillion CARES Act, $30 billion is being distributed immediately to eligible healthcare providers throughout the American healthcare system. These are payments, not loans, to healthcare providers, and will not need to be repaid. Who is...
CMS Approves Accelerated/Advance Payment Program for Medicare Providers
The Centers for Medicare & Medicaid Services (CMS) has delivered near $34 billion in the past week to the healthcare providers as part of an expansion of the Accelerated and Advance Payment Program, to ensure providers and suppliers have the...