Here are four things to know about the reporting requirements:
1. The reporting system will be available beginning Oct. 1. Healthcare providers must report on how they spent the relief grants by Feb. 15, 2021.
2. HHS will require hospitals to demonstrate compliance with the terms and conditions of accepting the funds, including showing that the funds were used for allowable purposes.
3. The reporting requirements apply to healthcare organizations that received one or more payments exceeding $10,000 from the CARES Act’s provider relief fund.
4. HHS said it will release detailed reporting instructions by Aug. 17.
More articles on healthcare finance:
Texas, West Virginia hospitals set to close this month
16 recent hospital credit rating downgrades
$1.7B in CARES Act cash went to HCA
