Congress established the Provider Relief Fund (PRF) under the CARES Act to reimburse health care providers for lost revenue and increased business costs, such as staffing, supplies, PPE, lab, and rent expenses resulting from COVID-19. Almost 76% of our members followed our advice and applied and received PRF funds to help offset their COVID-19 losses.
However, receiving a PRF payment is just the first step in the process. To keep all PRF payments received, you must document that you spent them on approved overhead expenses or lost revenue, and properly report on the use of the funds in a timely manner.
Doctors who received PRF payments exceeding $10,000 between July 1, 2020-December 31, 2020 had until December 31, 2021 to spend those...
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