Following up on our recent podcast on the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), to date the U.S Department of Health and Human Services ("HHS") has paid out or designated for payout, over $100 billion to be distributed as relief payments to health care providers to "prevent, prepare for, and respond to COVID-19." Recipients should carefully consider how they spend Provider Relief Fund money and ensure proper accounting documentation is laid out for future audits.

In this podcast, Peter Urbanowicz and Mary Findley from A&M's Healthcare Industry Group discuss:

• What providers can spend their grant money on based on HHS' definition of eligible "healthcare related expenses"
• Timing of eligible expenses for reimbursement
• How HHS defines "lost revenues", and how providers can use their payments to cover "lost revenues" while ensuring proper documentation 
• What measures providers should put in place to ensure that funds are spent appropriately
• Other things providers should do to prepare for these anticipated audits
   

Please 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