The billions in payback-free grants disbursed to healthcare organizations through the Provider Relief Fund (PRF) come with rigorous guidelines for audit, intended use, tracking and reporting. Large single-site and multi-site organizations spending more than $750,000 federal dollars in a given year are required to undergo regulatory scrutiny via a single audit.
The single audit will cover financial statements and records, expenditures and internal controls, and any specifications outlined in the grant itself. MGO can help lay the groundwork for a seamless audit by tracking all PRF receipts for visibility, establishing a customizable method for calculating and tracking charges against the funds, strengthening documentation, and reviewing internal control practices.
Services include:
• Allowable Expense Assessment
• Lost Revenue Calculation Assistance
• HHS Reporting Assessment
• Single Audit Support
• Regulatory Monitoring
Clear, actionable guidance can be the key to accessing financial relief, and realizing the benefits of loan forgiveness.
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