Healthcare
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 […]
Guidance on New Lease Accounting Standard
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 […]
Community Health Centers Are a Beacon of Strength
This year for National Health Center Week (August 8 – 14), AAFCPAs shines a light on those front-line providers and support staff who, throughout this pandemic, continue to find innovative ways to address community need and overcome financial vulnerability. They have been instrumental in connecting high-risk and vulnerable individuals to care and needed services and […]
Watch Now: 340B Compliance Webinar – 2021
AAFCPAs’ Healthcare Practice leaders Matt Hutt, CPA, CGMA and Charlie Webb, CPA, CHFP, in collaboration with the Massachusetts League of Community Health Centers (The League), present an educational 340B Drug Pricing Program Compliance webinar – recorded live on July 21, 2021. This educational webinar provides attendees with an understanding of compliance requirements for running a […]
HRSA Operational Site Visit (OSV) Changes
AAFCPAs would like to make our Federally Qualified Health Center (FQHC) clients aware of recent updates issued by the Health Resource and Services Administration (HRSA) related to the Health Center Operational Site Visit Protocol. HRSA summarized the updates in two categories: Substantial Updates & General Updates. Substantial Updates The two most significant substantial updates include […]
HRSA Updates Reporting Requirements for Provider Relief Funds
On June 11, 2021, the Health Resources and Services Administration (HRSA) issued a Post-Payment Notice of Reporting Requirements (the Notice) relating to General and Targeted Distributions made under the Provider Relief Fund (PRF). The Notice supersedes the reporting requirements released on January 15, 2021 and is applicable to past and future PRF General and Targeted […]
Changes Proposed to Healthcare Privacy Rules
AAFCPAs would like to make healthcare clients aware that the Department of Health & Human Services’ Office for Civil Rights (DHHS OCR) proposed new regulations to modify the Standards for the Privacy of Individually Identifiable Health Information (Privacy Rule) under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the Health Information Technology […]
Uniform Data System COVID Reporting
Many health centers have increased virtual visit capabilities during the COVID-19 pandemic. AAFCPAs would like to make Federally Qualified Health Center (FQHC) clients aware that the Health Resources and Services Administration’s Bureau of Primary Health Care (BPHC) recently provided updated guidance on the Uniform Data System (UDS) reporting framework in response to the COVID-19 pandemic. […]