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CARES PROVIDER RELIEF FUND (PRF) REPORTING WORKBOOK

Toyon’s Workbook for CARES PRF Reporting

Toyon is pleased to provide our clients and industry colleagues an optional complimentary workbook designed to evaluate and support COVID-19 expenses and lost revenues applied against CARES Provider Relief Fund (PRF) payments.  This workbook reflects Toyon’s current and best understanding of the HHS PRF Guidance released June 11, 2021 and subsequent FAQs.  For access to this workbook, please register below to receive a copy via e-mail.

Toyon’s Article on Complexities with CARES PRF Reporting

Toyon is also happy to share an article highlighting the complexities of CARES PRF reporting. This article addresses three specific categories of CARES PRF reporting concerns:

  1. Absence of comprehensive audit guidance
  2. Complexities in hospital reimbursement determining patient care revenue
  3. Use and reporting of “Targeted” PRF payments between parent companies and subsidiaries

Please feel free to share and comment on this article with other concerns with PRF reporting.  Toyon is happy to update this article inclusive of other significant industry issues.  We hope this article gains traction and promotes further clarity in PRF reporting.

Please feel free to contact Fred Fisher at fred.fisher@toyonassociates.com with any questions.  Thank you. 

“I truly feel that Toyon’s Absolute® will make your reporting more efficient…once you begin working with Absolute, you’ll wonder how you ever worked without it. Absolute also eliminates the annoyance of not being able to find support for work papers because your analysts can easily upload them to Absolute and attach to the applicable sheet.”

Manager Regulatory Compliance, Methodist Health System

“Toyon consistently delivers forward-thinking, value-added results with exemplary customer service. Over the years we have brought in Toyon for help across the reimbursement spectrum, ranging from meeting annual regulatory requirements to executing on special projects that have added material dollars to the bottom line.  From beginning to end on each project, our entire team, from staff to executive, has felt 100% taken care of.”

Vice President of Strategic Planning and Revenue Cycle, 500+ CA-based Acute Care Hospital

“When tasked with standardizing and centralizing our government reporting process…I partnered with Toyon for their deep technical resources and Absolute, their automated workpaper system. Toyon helped us move from individual facility data collection to a single shared services center. The result…cost reports completed on time and on budget, audit adjustments had virtually disappeared, and the system had achieved annual reimbursement improvements in the $10s of millions.”

Director of Reimbursement, Large Multi-State Health System

“We have worked with Toyon on a variety of projects over the years and they have become an important and trustworthy part of our team. We use their Absolute product at many of our facilities and it is truly best in class.”

Vice President of Reimbursement & Revenue Integrity, 75+ Nationwide Healthcare System

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