Matthew Hutt
The COVID-19 Impact on the Revenue Cycle for Hospitals and Other Healthcare Providers
The impact of the COVID-19 pandemic on the revenue cycle is fluid, but providers must manage it to meet their obligations and missions. Here are key considerations with financial sustainability hanging in the balance. Billing and coding Ensure you know what is covered by health plans for both inpatient and outpatient services. With the rules […]
Will Paycheck Protection Program Loans Be Subject to Uniform Guidance for Nonprofit Organizations?
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes many provisions that are applicable to nonprofit organizations. One of the provisions is the Paycheck Protection Program (PPP) Loans which provides 100% Federally guaranteed loans to covered entities who meet certain criteria. A consideration for nonprofit organizations is whether the loans will be subject […]
Coronavirus: Business Impacts and Planning
The Coronavirus pandemic (COVID-19) is impacting our lives and businesses in a way that none of us have experienced before. The global economy is certainly impacted, and businesses and individuals are reacting to an uncharted situation that continues to evolve rapidly. Certainly, health and safety are our primary concerns. Business leaders have been forced to […]
New Revenue Recognition Accounting for Nonprofits: Contribution or Exchange Transaction?
On June 21, 2018, the Financial Accounting Standards Board (FASB) issued a final Accounting Standards Update (ASU) 2018-08, Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. This ASU clarifies and reduces the current diversity in practice in accounting for grants and contributions, particularly for grants and […]
Watch Now: 340B Compliance Webinar
This educational webinar provided attendees with an understanding of compliance requirements for running a 340B in-house or contract pharmacy, including: How to successfully prepare for an Office of Pharmacy Affairs (OPA) audit How to ensure 340B Program integrity and maintain accurate records documenting compliance with all 340B Program requirements Major risks of the 340B Program […]
2019 UFR Update: AAFCPAs Outlines Significant Changes
The Operational Services Division (OSD) of the Executive Office for Administration and Finance just released its FY 2019 UFR Audit and Preparation Manual, FY 2019 UFR Auditor’s Compliance Supplement, and FY 2019 Excel UFR Templates. The FY 2019 Manual is effective July 1, 2018 for the UFRs to be filed for FY 2019. Visit Mass.gov […]
Watch Now: 340B Basics: Program Compliance
AAFCPAs’ Matt Hutt, CPA, CGMA and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League), present coveted guidance on 340B Basics and Program Compliance for Massachusetts community health centers in this webinar recorded live on June 20, 2019. Download Slides >>
Regulatory Update: Accounting Standards 2019
AAFCPAs’ Nonprofit Audit Leaders Matt Hutt, Katie Belanger, and Olga Yasinnik provide key considerations and best practice recommendations related to the implementation of new accounting standards, including: Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14, Topic 958): Revenue from Contracts with Customers (ASU 2014-09, Topic 606), and Clarifying the Scope and the Accounting […]
AAFCPAs’ 340B Basics: Program Compliance Webinar OnDemand
AAFCPAs’ Matt Hutt, CPA, CGMA and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League), will present coveted guidance on 340B Basics and Program Compliance for Massachusetts community health centers in this live webinar.