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Comment Letter | Coronavirus

HFMA Comments on CARES Act Provider Relief Fund Compliance Questions

Comment Letter | Coronavirus

HFMA Comments on CARES Act Provider Relief Fund Compliance Questions

In a letter to HHS, HFMA noted that while the speed with which the agency has moved to distribute CARES Act Provider Relief Funds (PRFs) is both unprecedented and impressive, its responsiveness to technical compliance questions about the PRFs presents an opportunity for improvement. In the letter, HFMA provides key questions identified by a task force of HFMA members related to the CARES Act PRFs that remain unanswered or have been answered but with insufficient detail. Given the technical nature of these questions, the letter also includes suggested answers developed by the task force based on its understanding of the CARES Act, Financial Accounting Standards Board/Governmental Accounting Standards Board accounting standards, the myriad of laws and regulations that govern the healthcare industry and common provider practice.

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