Healthcare

All Topics

Nonprofit Challenges in Navigating Tax Issues

Nonprofit Challenges in Navigating Tax Issues

Nonprofit organizations are often thought to be tax exempt. But this is a misnomer, as there are many situations where a nonprofit may have to either pay or collect and remit tax. Private foundations, also under the umbrella of 501(c)(3) nonprofit organizations, are subject to a 1.39 percent net investment tax on their investment income […]

Matthew Hutt, CPA, CGMA among the Worcester Business Journal’s inaugural Champions of Health Care award winners!

Matthew Hutt, CPA, CGMA among the Worcester Business Journal’s inaugural Champions of Health Care award winners!

Enter To Win a Ticket to In-Person Awards and Forum AAFCPAs is pleased to announce that Matt Hutt, CPA, CGMA, Partner at AAFCPAs has been honored as one of the Worcester Business Journal’s 2023 Champions of Healthcare. The award honors professionals in the healthcare field who have gone above and beyond to help others and […]

Champions of Health Care: Hutt strengthens providers’ financials in the shift to preventative care

Champions of Health Care: Hutt strengthens providers’ financials in the shift to preventative care

Worcester Business Journal (November 27, 2023) – As partner and healthcare division leader at Westborough accounting firm AAFCPAs, Matthew Hutt helps medical providers answer complicated questions. Healthcare providers, especially smaller ones, have difficulty thinking about long-term financial planning and navigating complex payment structures. That’s where Hutt and his team of tax professionals step in…

Staying Ahead of Healthcare Reimbursement Reforms

Staying Ahead of Healthcare Reimbursement Reforms

As you may know, the nation’s healthcare reimbursement model is pivoting from one that incentivizes the number of visits provided to one that rewards health outcomes of patient populations instead. While some payors have already made this switch, we are seeing a significant trend in the marketplace for public and private payors to shift reimbursement […]

HRSA Announces Changes to Uniform Data System Reporting

HRSA Announces Changes to Uniform Data System Reporting

AAFCPAs would like to make Federally Qualified Health Center clients aware of recent updates made by the Health Resources Services Administration (HRSA) to the 2023 Uniform Data System (UDS) report, due February 15, 2024. Updates to UDS Reporting HRSA announced changes to how data on Table 6A are now defined including updates to applicable ICD-10-CM […]

AAFCPAs Celebrates 2023 National Health Center Week

AAFCPAs Celebrates 2023 National Health Center Week

AAFCPAs invites you to join us in celebrating National Health Center Week August 6-12, 2023 as we pay tribute to Community Health Centers (CHCs), their staff, and the quality of care they provide. CHCs are an invaluable source of quality health care and support within our communities, serving more than 30 million patients each year. […]

Robotic Process Automation is a Must-Have for Community Health Center CFOs

Robotic Process Automation is a Must-Have for Community Health Center CFOs

CFOs of Federally Qualified Health Centers (FQHCs) face a daunting obstacle when it comes to managing filings, data reporting, and process management. While already overburdened by high costs, high volume, and stringent regulations, these heavily manual tasks create an environment that is prone to inefficient functions and inaccurate data transfers.   Not only do overwhelming […]

2022 HSN Supplemental Payments
2022 HSN Supplemental Payments

2022 HSN Supplemental Payments

AAFCPAs would like to make FQHC clients aware, as part of the Massachusetts Economic Growth and Relief Act of 2022, $20,000,000 was allocated to the Health Safety Net (HSN) Trust Fund for community health centers or hospital-licensed health centers (health centers) participating in the MassHealth program. Payments were to be made to the health centers […]

Reconciliation of Wrap Payments

Reconciliation of Wrap Payments

AAFCPAs would like to make clients aware, effective January 1, 2022, Massachusetts Medicaid (MassHealth) launched an alternative payment methodology (APM) for Community Health Centers who are licensed as a freestanding clinic and not financially or physically an integral part of a hospital. Under the APM, there is a quarterly wrap reconciliation completed by MassHealth which […]