Compliance with the Provider Relief Fund and American Rescue Plan reporting and auditing requirements is essential for healthcare providers. Providers can ensure proper fund utilization and avoid potential penalties by understanding these requirements, maintaining accurate records, and utilizing available resources. Staying informed and proactive in compliance efforts will help providers maximize the benefits of these vital financial support programs.
HHS continues to release updated frequently asked questions to assist providers in reporting and understanding the audit requirements for the awards. Providers are urged to continue to monitor the HHS website for updates.
Is your organization fully prepared for upcoming audits?
LBMC has a dedicated PRF team available to assist organizations with reporting and compliance audits. Please reach out to our team to ensure your organization meets the necessary standards and maximizes the benefits of these financial support programs.
Content provided by LBMC’s Courtney Bach and Laura McGregor.
Courtney Bach is a Shareholder in the Audit division of LBMC, focusing primarily on the healthcare industry. She can be reached at courtney.bach@lbmc.com or 615-309-2481.
Laura McGregor is a Shareholder in the Audit division of LBMC, focusing primarily on the healthcare industry. She can be reached at Laura McGregor laura.mcgregor@lbmc.com or 615-309-2289.