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Phase 4 Provider Relief Fund Reporting Deadline is March 31

By: Jamie Choi, CPA

Healthcare providers who received one or more Provider Relief Fund (PRF) payments exceeding $10,000, in aggregate, from July 1, 2021 to December 31, 2021, must report on how these funds were used by March 31, 2023 in the PRF Reporting Portal. Payment received during this period must have been used by December 31, 2022. 

The Phase 4 and ARP Rural payment reconsiderations deadline is February 21. Providers who believe their Phase 4 and/or ARP Rural payment was miscalculated have an opportunity to submit a payment reconsideration request by this deadline.  

The Provider Relief Fund was established by the Coronavirus Aid, Relief and Economic Security Act in 2020 and allowed healthcare providers to apply for payments made for healthcare-related expenses or lost revenue attributable to the COVID-19 pandemic. 

To submit reports, providers must first register in the PRF Reporting Portal. After submitting their report, providers must return any unused funds from Phase 4 within 30 days after the end of the reporting period.  

Below are the upcoming reporting periods: 

Period  Payment Received Period  Period of Availability  Reporting Period 
4  July 1 – Dec. 31, 2021  Jan. 1, 2020 – Dec. 31, 2022  Jan. 1 – March 31, 2023 
5  Jan. 1 – June 30, 2022  Jan. 1, 2020 – June 30, 2023  July 1 – Sept. 30, 2023 
6  July 1 -Dec. 31, 2022  Jan. 1, 2020 – Dec. 31, 2023  Jan.1 – March 31, 2024 
7  Jan. 1 – June 30, 2023  Jan. 1, 2020 – June 30, 2024  July 1 – Sept. 30, 2024 

For additional information: 

Aldrich is Here to Help

Many providers continue to feel the impact of lost revenue, and Aldrich can help you maximize relief opportunities to get your practice back on track. PRF recipients should review the updated reporting requirements and be prepared to submit the information in accordance with the appropriate deadline. 

For more resources or help navigating the reporting process, let’s talk. 

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