Posts by Angela Dotson
Webinar: 2021 Evaluation Management Guideline Changes – Are You Ready?
On January 1, 2021 the biggest regulatory change in Evaluation and Management (E/M) since 1997 goes into effect. Failure to make the financial and clinical documentation changes dictated by the Centers for Medicare & Medicaid Services (CMS), can significantly impact profitability. Watch the webinar as Aprio and JTS Health Partners conduct an in-depth panel discussion…
Read MoreHHS Now Accepting PRF Phase 3 Applications.
Good news for healthcare providers: the HHS just allocated another $20 Billion to the Provider Relief Fund (PRF) for a Phase 3 General Distribution. With this latest round of PRF, the criteria for determining eligibility has been expanded. Further, providers who previously received PRF payments may be entitled to additional payments. This new Phase 3…
Read MoreHHS Releases Reporting Requirements for Provider Relief Fund Recipients
On September 18, the Department of Health and Human Service (HHS) released post-payment reporting requirements for the Provider Relief Funds (PRF). Any recipients who received PRF of $10,000 or more will be required to demonstrate how they used PRF for allowable expenses and losses. In this article, Aprio will provide details to help you understand…
Read MoreNew Rules for Donors to State Credit Funds
In August 2020 the IRS issued final regulations on the state and local payments made to charitable entities that are designed to limit workarounds with respect to the limitation on the deduction of state and local taxes. This changes how payments to state credit funds are handled for income tax purposes. Here is an overview…
Read MoreThe U.S. Department of Health and Human Services (HHS) has extended the deadline for Phase 2 General Distribution funding.
The new deadline for medical and dental practices to file application is Sunday, September 13, 2020. Apply Here The Phase 2 distribution is intended for Medicaid, CHIP, and dental providers, who didn’t receive funding in the first round of distributions. The HHS allocated $15 billion from the CARES Act Provider Relief Fund for these providers,…
Read MoreThe Deadline for MAAP Repayments is Approaching – Is Your Practice Prepared?
From supply shortages to revenue shortfalls, hospitals and healthcare providers have continued to face unprecedented challenges throughout the COVID-19 pandemic. Congress and the Department of Health and Human Services have offered some assistance in funding, primarily through creating the Provider Relief Fund and through expanding other existing funding programs, like the Medicare Accelerated and Advanced…
Read MoreWebinar: Unpacking Provider Relief Fund (PRF) Financial Reporting Requirements
Did you receive money from the Department of Health and Human Services (HHS) Provider Relief Fund (PRF)? If so, there are stringent financial reporting requirements that must be met. Watch this webinar as Aprio’s advisors guide you through what you need to know. Angela Dotson, Partner-in-Charge of Aprio’s Professional Services and Healthcare group and…
Read MoreProvider Relief Fund Recipients May Require Single Audit
The Provider Relief Fund is a $175 billion allocation from the CARES Act to the Department of Health and Human Services (HHS) intended to provide relief to healthcare providers. The HHS is distributing funds at their discretion to cover certain expenses and lost revenues incurred as a result of COVID-19 (read our eligibility guidance here).…
Read MoreHHS Deems Provider Relief Fund Distributions Taxable
Announcement could affect healthcare practitioners’ tax liability Many medical providers have taken advantage of the Provider Relief Fund, a part of the CARES Act intended to cover certain expenses and lost revenues that healthcare practitioners have incurred as a result of COVID-19 (read our eligibility guidance here). On July 10, 2020, the Internal Revenue Service…
Read MoreThree Ways Medical Providers can Maximize Funding and Liquidity
As COVID-19 cases decrease in many states, the full reality of the economic impact is emerging. The unprecedented effects on medical practices are particularly severe, causing many practices to look for innovative solutions to improve financial liquidity. Why are medical practices struggling during a global health crisis? While strict social distancing guidelines and shelter-in-place orders…
Read More