Healthcare
Cost Center Coding Strategies for Effective Grant Reporting
For complex human and social services providers, managing grants and ensuring compliance can often feel like navigating a labyrinth. One effective strategy to simplify this process is through cost center coding. AAFCPAs provides the following detailed guidance on how to leverage cost center coding to streamline grant reporting and maintain compliance. Design Your Cost Centers […]
Navigating New York Medicaid Reimbursement: A Strategic Approach for FQHCs
Like many Federally Qualified Health Centers (FQHCs) across the country, New York’s centers are grappling with increasingly constrained budgets and rising staffing costs, making Medicaid reimbursements more critical than ever to sustaining their services. New York’s Medicaid system offers a key opportunity, providing FQHCs with the ability to apply for supplemental payments that cover costs […]
Seven Ways to Improve Health Center Financial Stability
Health centers are challenged with post-pandemic funding cuts, inflation, and difficulties attracting and retaining top talent amid a competitive hiring market. These factors strain operating budgets, making it necessary to adopt a proactive and strategic financial management approach. AAFCPAs advises that Federally Qualified Health Center (FQHC) clients evaluate their financial health and operational efficiencies, focusing […]
System Integration for Human Services: Watch our OnDemand Webinar
Watch AAFCPAs’ Partner of Business Process, Robyn Leet, along with guests Adam Shuster from Incompass Human Services and AAFCPAs’ Audit Partner Katie Belanger, CPA, speak on overcoming common system integration challenges in health and human services organizations. Learn ways to integrate billing and ERP systems with accounting and GL systems and how to simplify state […]
New UDS+ Reporting Requirements Announced for Health Centers
Health centers have long been required to submit a Uniform Data System (UDS) report to the Health Resources and Services Administration (HRSA) by February 15 each year. However, AAFCPAs would like to ensure FQHC clients are aware HRSA introduced a new requirement, the UDS+ filing due by April 30, 2025, for calendar year 2024 data. […]
IRS Launches Second Employee Retention Credit Voluntary Disclosure Program
AAFCPAs would like to make clients aware that the Internal Revenue Service introduced its second Employee Retention Credit (ERC) Voluntary Disclosure Program, which runs until November 22, 2024. This initiative allows businesses to correct improper ERC payments at a 15 percent discount and avoid future audits, penalties, and interest. Under this program, businesses will need […]
Expert Tip from AAFCPAs – 340B Report Guest Blog
340b Report (August 15, 2024) – Monitoring and maintaining an active patient listing (APL) for all patients whose prescriptions qualify as eligible under the 340B program is imperative. This APL should be updated daily and maintained through the electronic medical record system. The entity’s 340B policy should specify the time period during which a patient […]
AAFCPAs Celebrates 2024 National Health Center Week
Each August, National Health Center Week aims to promote awareness of America’s 1,400 Community Health Centers (CHCs), which act as a beacon of strength, service, and care within our communities. Across the country, CHCs support 500,000 direct and indirect jobs, create nearly $85 billion in economic output, and save our nation’s health system billions of […]
FQHCs Boost Revenue Through MassHealth Change in Scope of Services
AAFCPAs would like to make Federally Qualified Health Center (FQHC) clients in Massachusetts aware that MassHealth change in scope guidelines provide an adjustment process for certain changes in scope and an associated boost in revenue through an increased Prospective Payment System (PPS) rate. The U.S. Department of Health and Human Services (HHS) defines a change […]