If you received payment as part of the Provider Relief Funding provision of the CARES Act, please become familiar with the terms of the funding. Below is a link to the ten page attestation agreement that contains the terms for retaining all or part of the funds you received. While the funding is a grant, not a loan, there are certain requirements that must be met. We are working closely with the HBMA, who is in turn working closely with HHS to develop a Q & A to more clearly define the terms of the funding.
- Terms & Conditions for acceptance and retention of all or part of the funds are detailed in the agreement which can be read in full at this link: Terms and Conditions – PDF. The terms and conditions on this document are numerous and there is subsequent reporting that will be required of the provider accepting these funds.
- If you ceased operation as a result of the COVID-19 pandemic, you are still eligible to receive funds so long as you provided diagnoses, testing, or care for individuals with possible or actual cases of COVID-19.
Care does not have to be specific to treating COVID-19. HHS broadly views every patient as a possible case of COVID-19.
- Within 30 days of receiving the payment, providers must sign an attestation confirming receipt of the funds and agreeing to the terms and conditions of payment. The portal for signing the attestation will be open the week of April 13, 2020. Not returning the payment within 30 days of receipt will be viewed as acceptance of the Terms and Conditions.
- If a provider receives payment and does not wish to comply with these Terms and Conditions, the provider must do the following: Contact HHS within 30 days of receipt of payment and then remit the full payment to HHS as instructed. Appropriate contact information will be provided soon.
More to come as information becomes available.
Please contact Brenda Wallace, CPA, CMPE at email@example.com for more information.