 |
|
 |
Pathways to Greatness Deadline: May 15
Larsonallen and the American Association of Homes and Services for the Aging are sponsoring a national program designed to define the primary attributes of high-performing aging-services providers. The deadline to apply is May 15, 2008, and the application process has been abbreviated to one phase. More
IRS Wants Your Feedback on New 990 Draft Instructions
The IRS issued draft instructions for the redesigned 990 and they are requesting input from the nonprofit field. The new form will require extensive preparation and goes into effect for the 2008 tax year. The deadline to submit comments to the IRS is June 1, 2008. More
Are You Accurately Coding Medicare SNF RUG Claims?
Based on 2006 research that suggested Medicare had significantly overpaid skilled nursing facility (SNF) Resource Utilization Groups’ (RUGs) claims, the Centers for Medicare & Medicaid Services is focusing on coding accuracy to prevent overpayment. It is critical your medical records support the care you are delivering. More
Frequently Asked Questions About SAS 70
Does your organization provide evidence of information safeguarding controls and security practices? Many industries are now requiring vendors present this evidence by obtaining a SAS 70 audit. View answers to the commonly asked questions we’re receiving from leaders of organizations in all of the industries we serve.
Weak Collection and Bad Debt Policies Could Result in Medicare Denials
To avoid Medicare bad debt denials, health care organizations should review their bad debt policies to ensure they are abiding by the regulations outlined in the Medicare Provider Reimbursement Manual. More
 Nursing Facility Myths
by Bernadette O'Toole and Rebecca Schmitt
Baby Boomers have a reputation for indulging in luxuries and their sheer numbers are enough to make their personal preferences matter. More
Redesigned 990 Requires Extensive Preparation
Nonprofits need to begin preparing for the revised Form 990, which goes into effect for the 2008 tax year (returns due May 15, 2009 or after). Because the reporting requirements have increased substantially, many organizations will have to build accounting systems and practices to gather the information now required. More
Small Nonprofits Must File
e-Postcard in 2008
Small tax-exempt organizations with annual gross receipts of $25,000 or less may be required to file Form 990-N (e-Postcard) in 2008. What happens if you don’t file your e-Postcard? You risk losing your tax-exempt status. More
Strengthen Your Security Strategy Prior to Onset of HIPAA Regulators
To address threats to health care data and information system vulnerabilities, the government is gearing up to conduct HIPAA security audits in 2008. How would your hospital hold up if audited or attacked by criminals? Don’t wait to find out. More
Upcoming Changes to 403(b) Plans Require Foresight—Don’t Risk Noncompliance
Organizations need to begin preparing to ensure compliance with the first major regulation changes to 403(b) plans in four decades. They generally become effective on January 1, 2009. Revisions to the Form 5500 filing requirements also go into effect at the same time—making certain 403(b) plans subject to an audit—similar to
401(k) plans. More
Reduced Payments for CAHs on Medicare Advantage Swing Bed Days
According to a clarification from the Centers for Medicare & Medicaid Services (CMS), the Medicare Advantage swing bed days should now be documented on the same line in the cost report as the skilled nursing facility (SNF) swing bed days. More
SAS 104-111: Preparing for Your Auditors Can Minimize Fee Increases
Eight new risk assessment standards (SAS 104-111) go into effect for financial statement audit periods beginning on or after December 15, 2006. The new standards widely expand and change the audit process for privately-held entities. Are you prepared for your auditors? It’s not too late to begin preparing for June year-end audits. More
Audit Committees' Responsibility for Managing Risk
Learn about the increasing risk management responsibilities of audit committees, potential consequences of ineffective risk management programs, and training for nonprofit audit and compliance committee members, boards, CEOs, and CFOs.
News archive
|
|
Share this with a friend