CARES Act Provider Relief Fund: Meeting Certification Deadlines and Avoiding Compliance Pitfalls
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the subsequent Paycheck Protection Program and Health Care Enhancement Act appropriated over $175 billion in funding for the Public Health and Social Services Emergency Fund (“Provider Relief Fund”) to be distributed as relief payments to health care providers. Hospitals, physicians and other health care providers who receive distributions from the Provider Relief Fund are required to complete attestations certifying compliance with specified Terms and Conditions. Recipients must be careful to conduct effective diligence to demonstrate compliance with funding requirements.
In this brief podcast, Peter Urbanowicz and Mary Findley from A&M's Healthcare Industry Group’s Compliance and Regulatory Services provide an overview of Provider Relief Fund, the governing Terms and Conditions and discuss best practices to avoid compliance risks that could lead to paybacks, fines and penalties.
Contact the team if you would like to have a conversation.
Peter Urbanowicz
Managing Director and Co-Head of Healthcare Industry Group
purbanowicz@alvarezandmarsal.com
+1 214 662 7389
Mary Findley
Senior Director, Healthcare Compliance Advisory Services
mfindley@alvarezandmarsal.com
+1 214 906 7536