One way of doing things, then another.
On Jun. 14, HHS CARES Provider Relief Fund defined lost revenue as any revenue a provider lost due to COVID-19. That changed dramatically on Sept. 19 when HHS issued a new definition of lost revenue.
This new definition is especially problematic for hospitals and will impact planning and budgeting, accounting, auditing and bond ratings. This program will:
- Clarify the new requirements
- Explain impact on operations and accounting practices
- Demo a new data management workbook that explains the new requirements and helps hospitals prepare and comply with HHS
- Discuss Nov. 6 Phase 3 application deadline
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