CHIA Announces Cost Report Due Date for 2019 as May 4, 2020, Regardless of Fiscal Year End

AAFCPAs would like to make our Massachusetts-based Community Health Center (CHC) 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 2019. All CHCs, regardless of Fiscal Year End date, are required to file their fiscal year 2019 cost report by May 4, 2020.

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.

AAFCPAs advises that you not delay and begin now preparing for your cost report preparation and filing.  AAFCPAs’ Cost Report Team will reach out to our clients in the coming days to offer our expertise and resources.

AAFCPAs’ Cost Report Expertise

AAFCPAs is deeply familiar with the instructions and the most beneficial ways to minimize the effort necessary to prepare, while maximizing reporting to properly reflect your true cost of care. We understand the key objectives of the report and critical areas of focus, so we are regularly called upon by the Massachusetts League of Community Health Centers to provide guidance. Because we serve the vast majority of CHCs in the state, we are able to ensure consistency of costs with peers to avoid outliers. Additionally, our close and respectful working relationship with CHIA aids in our research of complex matters.

2019 Community Health Center Cost Report and INET Instructions are available on the CHIA website at http://www.chiamass.gov/community-health-center-cost-report.

If you have questions, please contact Pauline Legor, CPA, MBA at 774.512.4158, plegor@nullaafcpa.com; Courtney McFarland, CPA, MSA at 774.512.4051, cmcfarland@nullaafcpa.com; or your AAFCPAs Partner.