HHS has released new reporting requirements for all providers that received COVID-19 grant funds. Any provider who has received greater than $10,000 in grants must report their expenses and lost revenue due to COVID-19. This threshold is much lower than the original reporting requirements in the CARES Act.
Providers will begin filing reports later than expected. HHS now states that their reporting system will be available in early 2021, and providers will have to report all the grant funds they spent in 2020 by February 15th, 2021. Providers who have not spent all of their grant funds will be required to submit a report on their remaining balance no later than July 31st, 2021.