Events Calendar

CFR Reporting Update

Date(s): Tuesday, September 14, 2021, 10:00am - 11:30am

No events

Member Pricing: $40

Non-Member Pricing: $60

Registration Deadline: 2021-09-14

 
Description:

Now in the second year of the pandemic, the challenges to completing the CFR continue. During 2021, the new “normal” course of business included programs fully or partially closed, staff reassigned, and new programs and services being billed. Where to report these changes and how to capture them needs to be carefully considered. In addition, the forgiveness of Paycheck Protection Program (PPP) and other stimulus funding including HHS’s Provider Relief Fund (PRF) may start to get recognized as income on the 2021 financial statements. This funding will have to be reported on the CFR which providers need to be planning. Because of a lack of guidance on how funding agencies will use the COVID-19(s) schedules and whether it could impact reimbursement, providers need to carefully consider what they are reporting on these schedules. We will discuss the key issues that providers should be considering when preparing their 2021 CFR.

 

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