< Back to Thought Leadership

Period 3 Reporting Now Open: PRF Update

Reporting on Provider Relief Funds for Period 3 opened on July 1, 2022 and runs through September 30, 2022. Period 3 reporting is for any PRF payments you may have received between January 1, 2021 to June 30, 2021. Compared to Period 1 and Period 2, there were very limited payments made by HRSA in Period 3: Nursing Home Infection Control payments and delayed Phase 3 PRF payments were made in January and February 2021.

While most providers will not have a reporting requirement for Period 3, we strongly encourage you to log into the PRF reporting portal and go through the screens to Step 4 where you confirm your payments. For those of you who did not receive a payment the screen will show $0 in payments and then prompt you to log out as there is no reporting requirement.

Weekly Insights

HRSA has several updates to their website that we wanted to share with you. Most important is the addition of a new reporting Period. Previously HRSA announced that reporting would end March 31, 2023 with Period 4. Due to delays in making Phase 4 and ARP payments HRSA has added an extra reporting period.

Period 5 will cover payments received between January 1, 2022 – June 20, 2022 and reporting will occur between July 1, 2023 and September 30, 2023. Providers who received payments in this window will also have an additional 6 months to use the funds through June 30, 2023.

Please see the revised reporting dates from HRSA beginning with the current Period 3:

With these changes to the reporting Periods, we advise you to review the dates of your Phase 4 and ARP payments and ensure you understand how much time you have to use those funds.

Additional Resources from HRSA

Another update is that HRSA has expanded their website for additional resource and guidance on the reporting process. On the right hand side of the page HRSA has added numerous links for specific reporting areas and issues.

While much of this information is taken from past frequently asked questions, the information is much easier to find and examples and definitions of allowable costs & lost revenues have been expanded. We’d encourage you to visit this are as you prepare to report in the future.

Contact Us

If you have questions about Period 3 Reporting or Provider Relief Funds in general, please contact your local Blue & Co. Advisor or one of our PRF experts below.

Michael Alessandrini, Director 

Peter Szostak, Senior Manager

heart and a jar of money

Unveiling the Dynamics of Donor-Restricted Contributions

By Greg Jackson, CPA, Principal at Blue & Co. Many not-for-profit organizations rely on public support (grants and contributions) to finance their mission. When that public support includes donor-restricted grants and contributions, those restricted amounts must be reported and accounted for in accordance with the related restrictions attached to the funds. When recording a donor-restricted […]

Learn More

How to Manage Clinical Validation Denials

In the past several years, hospitals have continued to feel the impact on revenue from Clinical Validation Denials (CVD). The need for a robust CDI team to capture support for clinical indicators while the patient is still in house is more imperative than ever. The other overwhelming piece for revenue cycle teams to manage is […]

Learn More

Margin Improvement: Optimizing Financial Performance

Ensuring the long-term financial viability of a health system requires constant attention to the operating statement. This involves assessing the current state of your healthcare organization and critically comparing the current condition to industry and/or internal benchmark standards. Ultimately, this assessment assists management implement an ongoing margin improvement process to increase the likelihood of achieving […]

Learn More