Industry
Burden calculations: How to allocate your indirect cost pools to specific jobs
Indirect costs are a necessary part of doing business and a factor unavoidably impacting your company’s profit margins. It is important for contractors to allocate indirect costs to specific jobs in order to truly understand your true cost structure. In an earlier blog, I illustrate how Ready-Access to True Costs Will Guide Profitability. Read more>>. […]
AAFCPAs to Present Medicare and Medicaid Cost Report Training
AAFCPAs Matt Hutt and Courtney McFarland, in collaboration with the Massachusetts League of Community Health Centers, will again present a Medicare and Medicaid Cost Report Training on October 6th, 2016, 9:00am-1:00pm at the DoubleTree Conference Center, Westborough, MA. Matt and Courtney will provide guidance and best practices in implementing the significant changes made to Federally Qualified Health […]
LILETTA IUD May Offer Cost Savings to 340B Covered Entities
AAFCPAs would like to make healthcare clients aware of a potential cost savings on an Inter-Uterine Device (IUD) for eligible patients. Medicines360 has received FDA approval for an IUD, named LILETTA®. Medicines360 is a nonprofit pharmaceutical company, and as part of their mission, they are making LILETTA® available at a reduced, fixed price of $50.00 […]
AAFCPAs Presents How to Start & Run a Nonprofit
AAFCPAs Partner, Robin Kelley, CPA, CITP, CGMA, CSPM, will serve as a faculty presenter for the Massachusetts Continuing Legal Education’s (MCLE) upcoming program: How to Start & Run a Nonprofit. In this new three-hour, live, continuing legal education (CLE) program and live webcast, Robin Kelley, and co-faculty members Elka T. Sachs, Esq., Krokidas & Bluestein […]
Biggest Improvement of Financial Reporting Guidance in Two Decades for Not-for-Profit Entities
On August 18, 2016, the FASB issued a final ASU 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities, to improve financial reporting guidance for not-for-profit entities (NFPs). The existing financial reporting guidance was established in 1993 when the FASB issued the Statement of Financial Accounting Standards (AFAS) No. 117, Financial Statements […]
Detailed Information Required on New Medicare Cost Report
In April 2016, the Centers for Medicare and Medicaid Services (CMS) published the new Federally Qualified Health Center (FQHC) Cost Report, Form CMS-224-14. This form replaced Form CMS 222-92 for FQHC entities, and is effective for cost reporting periods (which typically coincide with the year-end) beginning on or after October 1, 2014. AAFCPAs would like […]
Guidance on How to Comply with Procurement Standards Under the Uniform Guidance
In December 2013, the Office of Management and Budget (OMB) issued the new Uniform Guidance (UG), which includes comprehensive reform rules affecting all nonprofits receiving federal grants and contracts. One of the areas of significant change under the UG is the procurement standards, a component of Subpart D, Post-Award Requirements, contained in Sections 200.317 through […]
MassHealth Issues One-Time Payments to Behavioral Health Care Providers
Please be aware that MassHealth has authorized its MassHealth Reinvestment Payment 2016, a distribution of managed care savings to Massachusetts behavioral health care providers. These payments are from managed care savings that the State has authorized to be disbursed to providers under contract with a Medicaid Managed Care Organization in CY 2014. MassHealth has requested […]
Podcast: Risk Management Panel
Risk Management Panel Listen to Podcast Click here to listen to podcast or use the above media player. A panel of AAFCPAs partners and finance executives from nonprofit clients share first-hand practical advice and provide guidance from their experiences on managing risks They share insight into their organizations’ risk assessment and risk management programs.