The Department of Health and Human Services (HHS) is requiring financial statement audits [1] 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
- HRSA Uninsured Testing and Treatment
- FEMA Public Assistance Grants
- 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
- 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:
- A financial-related audit of the award or awards conducted in accordance with Government Auditing Standards; or
- 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 [2].