Part B Insider (Multispecialty) Coding Alert

Physician Notes:

PRF Reporting Period 2 Is Now Open for Business

Published on Fri Feb 11, 2022

PDF

The next round of Provider Relief Fund (PRF) reporting has arrived — are you ready to submit your data to the feds?

“Healthcare providers who received Provider Relief Funds from July 1, 2020, to Dec. 31, 2020, will need to report how they used those funds,” says accounting firm Casey Peterson in online guidance. “The PRF reporting portal that opened for reporting period 2 on Jan. 1, 2022, will stay open until March 31, 2022.”

Logistics: “Providers who received one or more General and/ or Targeted PRF payments exceeding $10,000, in the aggregate, from July 1, 2020 to December 31, 2020 must report on their use of funds in Reporting Period 2,” the HHS Health Resources and Services Administration (HRSA) reminds on its website.

A handy new feature is that “the Portal will auto-populate previously entered data in certain fields,” HRSA notes in a “What’s New” fact sheet for period 2. “Providers can edit and update any auto-populated fields.”

“Returning Reporting Entities may change the methodology for calculating lost revenues, but must then use the new methodology to calculate lost revenues for the entire RP2 Period of Availability,” HRSA advises in the fact sheet.

Extra: HRSA offers online guidance for providers who may have missed Period 1 reporting and are now out of compliance with the requirements. If you missed the deadline and are now considered noncompliant, review this fact sheet on next steps and possible penalties at https://www.hrsa.gov/sites/default/files/hrsa/provider-relief/reporting-non-compliance-fact-sheet.pdf.

Heads up: Reporting Period 3 opens on July 1, and Reporting Period 4 opens on Jan.1, 2023, HRSA notes on its PRF reporting and auditing website. Get the scoop and log in to the portal at https://prfreporting.hrsa.gov/s/.