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Streamlining Operations with a Modern ERP System

Streamlining Operations with a Modern ERP System

Incompass Human Services modernizes its financial and operational workflows, improving efficiency, compliance, and transparency. As the multi-service health and human services agency grew, despite its longstanding success, Incompass recognized the need to innovate to stay ahead of the evolving demands of the industry. Like many other large health and human services providers, the agency faced […]

Navigating Federal Funding Uncertainty: Financial Strategies for Nonprofits

Navigating Federal Funding Uncertainty: Financial Strategies for Nonprofits

Nonprofits across the country are facing an uncertain financial future as the federal funding freeze and shifting policies disrupt their budgets. Organizations that have long relied on stable government grants are now being forced to reassess their financial strategies, manage liquidity more carefully, and rethink how they maintain reserve funds. Evaluating Financial Reserves and Liquidity […]

340B Discounts at Risk: What It Means for FQHCs and Patient Care

340B Discounts at Risk: What It Means for FQHCs and Patient Care

Federally Qualified Health Centers (FQHCs), hospitals, and health systems relying on 340B discounts are facing growing uncertainty. Courts, policymakers, and pharmaceutical manufacturers continue to push for changes that could reshape how the program operates. Recent developments have highlighted potential new restrictions and increased oversight along with the financial strain for participating providers. FQHCs and hospitals […]

Upcoming Increase in Single Audit or Program-Specific Audit Thresholds

Upcoming Increase in Single Audit or Program-Specific Audit Thresholds

For audits of fiscal years beginning on or after October 1, 2024, the Office of Management and Budget (OMB) will raise the threshold for requiring a single audit or program-specific audit from $750,000 to $1,000,000. Non-Federal entities receiving less than $1,000,000 in federal funds annually will no longer be required to undergo a single audit, […]

Managing Cash Flow and Expenses in Life Sciences

Managing Cash Flow and Expenses in Life Sciences

In this article: Managing cash flow presents ongoing challenges for those in the life sciences, particularly those navigating pre-clinical research and early clinical stages. With significant resources devoted to research and development (R&D), precise cash tracking across R&D and general and administrative (G&A) categories is essential for sustaining growth and demonstrating financial responsibility. Distinguishing between […]

Tax Strategies Shaping Life Science Innovation

Tax Strategies Shaping Life Science Innovation

Life science companies, particularly those in the start-up or growth phase, are challenged with balancing their core mission, e.g., advancing scientific discovery, with the complex financial and tax issues that arise in the process. While pursuing breakthroughs in areas like cancer treatments or novel drugs, companies need to also ensure they retain enough capital to […]

Attestation Deadline for New York Medicaid PCMH Incentive Increase

Attestation Deadline for New York Medicaid PCMH Incentive Increase

AAFCPAs would like to make FQHC clients aware that the 2024-2025 state budget approved a Patient-Centered Medical Home (PCMH) incentive increase that provided additional funding to health centers. These payments, which were retroactive to April 1, 2024, included $2 per member per month (PMPM) for adult Medicaid patients and $4 PMPM for children under the […]

AAFCPAs Participates in Compliance Panel at NECANN Boston 2025 

AAFCPAs Participates in Compliance Panel at NECANN Boston 2025 

AAFCPAs’ Janice M. O’Reilly, CPA, CGMA and David McManus, CPA, CGMA will join Tony Gallo, Sapphire Risk Advisory Group, and Peter D’Agostino, Tenax Strategies, for an interactive panel discussion at the 2025 New England Cannabis Convention (NECANN) on key compliance issues faced by cannabis establishments. The opening day session will cover compliance and reporting requirements […]

M&A Activity Set to Increase in 2025 Amid Economic and Demographic Shifts

M&A Activity Set to Increase in 2025 Amid Economic and Demographic Shifts

After a period of slowed deal making driven by high interest rates and uncertainty, the M&A landscape could look very different in 2025. As the economy adjusts to changing tax policies, evolving market conditions, and demographic shifts, business owners may find new opportunities to buy or sell. For many, 2025 could be the year to […]