CARES Act Provider Relief Fund: FAQs

March 2021

In response to the pandemic, Congress has passed several pieces of legislation that created various relief funds to help organizations navigate the impact of COVID-19. The Provider Relief Fund (PRF) comes with a unique set of compliance, auditing and reporting requirements that must be met by recipient organizations.

On January 15th, 2021 the U.S. Department of Health & Human Services (HHS) released updated guidance on the Provider Relief Fund reporting requirements. This amended guidance is in response to the Coronavirus Response and Relief Supplemental Appropriations Act (Act). The Act was passed in December 2020 and added an additional $3 billion to the PRF along with new language regarding reporting requirements.

In February 2021, BDO held a series of webinars regarding Provider Relief Fund reporting, audit and compliance requirements. During the webinar series, we received an abundance of questions in the Q&A chat. As a result, we concluded that many of you may benefit from this FAQ document that consists of a compilation of the most frequently asked questions previously asked during the webinar series.