McGuireWoods healthcare associate
Timothy Fry was quoted in a
Jan. 18, 2021, Healthcare Financial Management Association article about revised Provider Relief Fund reporting.
The U.S. Department of Health and Human Services postponed the Feb. 15,
2021, deadline for hospitals to report COVID-19-related expenses and lost
revenue. In addition, year-end legislation on the reporting process
included revised guidance on lost revenue reporting. Fry addressed how the
option to use budgeted revenue versus actual revenue may favorably impact
“The lost revenue definition change was something a lot of our clients were
looking for and gives them a lot more comfort that they would be able to
keep the funds that they had received,” Fry said.
Fry and members of the firm’s healthcare practice have provided detailed
analysis of provider relief funding in alerts and videos found on
Coronavirus: Impact and Insight page.