Public Health And Social Services Emergency Fund

FH
Foley Hoag LLP

Contributor

Foley Hoag provides innovative, strategic legal services to public, private and government clients. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse experiences of our lawyers contribute to the exceptional senior-level service we deliver to clients.
We've compiled a checklist to maintain your compliance with the program's conditions and reduce the risk of audit issues, government investigations and potential civil liability.
United States Food, Drugs, Healthcare, Life Sciences

So you've retained funds provided under the Public Health and Social Services Emergency Fund in the CARES Act. What next?

We've compiled  a checklist to maintain your compliance with the program's conditions and reduce the risk of audit issues, government investigations and potential civil liability.

Excerpt:

Segregate funding received under the Public Health and Social Services Emergency Fund

Consider maintaining the provider relief funding in a separate bank account than accounts used for non-COVID-19 relief purposes. This will instill discipline in using the funds only for qualified purposes.  One of the conditions with funding includes the requirement to maintain records and cost documentation, which is easier when the funding is kept separate. And it will make responding to any subsequent audit, if one occurs, that much less painful.

Download the Public Health and Social Services Emergency Fund Checklist.


Article originally published on 14 May 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More