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
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 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
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 […]
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 […]
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 […]
AAFCPAs Celebrates 2022 National Health Center Week
Next week, August 7-13, 2022, is National Health Center Week, and AAFCPAs invites you to join us again this year in celebrating the great work and significant impact of these organizations who serve as the chemistry for strong communities! #NHCW2022 and #ValueCHCs Friday, 8/12 – Health Center Staff Appreciation Day The incredible value Community Health […]
In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has summarized some of the most significant changes resulting from the new ASU for your convenience: AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new Lease standard so clients may proactively […]
OSD Clarifies UFR Reporting of COVID-Related Funds
AAFCPAs recently received clarification for UFR filers related to reporting of certain COVID-related funding. (As a reminder, due to COVID-19, the Operational Service Division (OSD) granted a 30-day extension to the Uniform Financial Report (UFR) FY2021 filing deadline, now due December 15th. UFR filers are not required to file a request for this extension.) AAFCPAs […]
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