The CARES Act has brought economic relief to many healthcare organizations. But it has also brought a number of risks for those who fail to properly comply with its many terms and conditions.
INCREASED SCRUTINY
$150,000+ = Quarterly Reports
Providers receiving this amount need to file detailed quarterly reports no later than 10 days after each calendar quarter.
$750,000+ = Automatic Audits
Non-federal providers receiving and spending this amount (or more) must undergo an audit for the applicable fiscal or calendar year.
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