2022 HSN Supplemental Payments

2022 HSN Supplemental Payments

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 […]

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 […]

The COVID-19 Impact on the Revenue Cycle for Hospitals and Other Healthcare Providers

The COVID-19 Impact on the Revenue Cycle for Hospitals and Other Healthcare Providers

The impact of the COVID-19 pandemic on the revenue cycle is fluid, but providers must manage it to meet their obligations and missions. Here are key considerations with financial sustainability hanging in the balance. Billing and coding Ensure you know what is covered by health plans for both inpatient and outpatient services. With the rules […]

Health Centers Awarded $1.3 Billion Through CARES Act

AAFCPAs would like to make community health center clients aware that on April 8, 2020, the Health Resources and Services Administration (HRSA) awarded $1.3 billion to the nation’s community health centers under the Health Center Coronavirus Aid, Relief, and Economic Security (CARES) Act Funding.  The distribution of funding was determined based on a $503,000 base, […]

AAFCPAs Celebrates 2019 National Health Center Week

Next week, August 4-10, 2019, 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 consumer-driven and patient-centered organizations! National Health Center Week gives our Health Center clients a chance to bring light to the health needs in our communities […]

Guidance for CHCs on Critical, ACO-related Budgeting, Forecasting, and Risk/Settlement Planning

Recently, healthcare providers have seen an increasing prominence of alternative payment methodologies (APMs), primarily in the form of Accountable Care Organizations (ACOs), which include risk sharing and/or incentive payment components. In Massachusetts, community health centers (CHCs) are beginning to have their first exposure to ACOs through the Medicaid 1115 waiver and the recently implemented MassHealth […]

Year in review: The Top 10 Insights from 2018

Year in review: The Top 10 Insights from 2018

2018 was a big year for finance professionals, with monumental changes in tax code & accounting rules, and other significant challenges & opportunities affecting commercial businesses, nonprofits, and individuals & their families.  Below are AAFCPAs’ most widely-read news alerts & insights in the past year: AAFCPAs’ 2018-2019 Tax Planning Guide for Businesses & Individuals Financial […]

Insights for Community Partners Implementing Data Driven Patient Care: Educational Workshop

AAFCPAs’ Healthcare Practice to Present Educational Workshop at Providers’ Council’s Annual Conference AAFCPAs’ Partner Matt Hutt, CPA, CGMA, and AAFCPAs’ Healthcare Consulting & Reimbursement Strategist Chris Gendron will happily present a timely, educational workshop at the Providers’ Council’s 43rd Annual Convention & Expo in Boston, MA on September 20th on achieving success in data-driven population health strategies. As Community Partners (CPs) […]

AAFCPAs Healthcare eBook: Strategic Guidance for Healthcare Executives

Running a healthcare operation was complex even before recent activity shook the industry into a near-constant state of flux. Whether considering the shifting relationship between payers and providers, increased cyber-security threats, outcomes-based models, or any of the seemingly countless concerns, the need for organizations to stay one step ahead of change has never been so […]

The Impact of Revenue Recognition on Healthcare

Revenue Recognition: ASU 2014-09, Revenue from Contracts with Customers (Topic 606), is effective for public business entities, and certain not-for-profit entities that have publicly traded conduit (or direct) debt, with annual reporting periods beginning after December 15, 2017. All other entities are required to adopt this by annual reporting periods beginning after December 15, 2018. […]