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:

  1. HRSA Provider Relief Funds
  2. HRSA Uninsured Testing and Treatment
  3. FEMA Public Assistance Grants
  4. SBA Economic Injury Disaster Loan (EIDL) – I am looking into this piece of the requirement however they are subject to this requirement for not for profit so it probable they are included for for-profits receiving CARES Act Provider Relief Fund payments
  5. Other federal agency grant programs

NOTE: PPP loans are excluded from this list of qualifying payments.

For medical providers who qualify for the audit, there are two options:

  1. A financial-related audit of the award or awards conducted in accordance with Government Auditing Standards; or
  2. An audit in conformance with the requirements of 45 CFR 75 Subpart F.

If you believe you may require an audit following your receipt of Provider Relief Fund Payments, please contact a ShindelRock audit professional.