AAFCPAs would like to make clients aware that the Center for Health Information and Analysis (CHIA) has just announced it is now collecting cost reports for the fiscal year ending in 2017 from all Community Health Centers (CHCs). All CHCs, regardless of Fiscal Year End date, are required to file their fiscal year 2017 cost report by June 26, 2018.
In the past, cost reporting requirements have been on a staggered schedule depending on whether the CHC operates using a fiscal year that ends on June 30th or on another date. CHIA’s goal going forward is to have all CHCs report for the same fiscal year at the same time.
In addition to the 2017 CHC INET cost report filing and financial statements, CHIA is requesting each CHC’s 2016 financial statements in lieu of an INET cost report for 2016.
2017 Community Health Center Cost Report Instructions and INET Instructions are available on the CHIA website at http://www.chiamass.gov/community-health-center-cost-report.
AAFCPAs advises that you not delay, and begin now preparing for your cost report preparation and filing. AAFCPAs’ Healthcare Practice is available for assistance as needed to efficiently file your cost report accurately and on time.