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About Mandy Kavanaugh

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So far Mandy Kavanaugh has created 42 blog entries.
30 07, 2020

Low Volume Hospital Payment Adjustments for FFY 2021

2020-07-30T18:55:34+00:00July 30th, 2020|Client Alert|

The Bipartisan Budget Act of 2018 modified the qualifying criteria for the low volume hospital payment adjustment for fiscal years 2019 through 2022.  Under the modified criteria, the payment increases are applicable for hospitals that have less than 3,800 total discharges and are located more than 15 road miles from another hospital (excluding critical access, [...]

28 07, 2020

HHS Provider Relief Funds Reporting

2020-07-28T12:55:56+00:00July 28th, 2020|Client Alert|

The Department of Health and Human Services (HHS) has announced new reporting requirements for providers that received more than $10,000 in Provider Relief Funds.  This dollar limit is applied in the aggregate for all the distributions from the Provider Relief Fund (i.e. General, High Impact, Safety Net, Rural, Nursing Home, and others) and not to [...]

28 07, 2020

Control and Use of Provider Relief Funds Payments

2020-07-28T12:54:31+00:00July 28th, 2020|Client Alert|

The Department of Health and Human Services (HHS) has distributed a significant portion of the $100 billion appropriated in the CARES Act for the Provider Relief Fund. Provider Relief Fund payments are being disbursed by both “General” and “Targeted” Distributions.  The Provider Relief Fund Frequently Asked Questions (FAQs) were recently updated to address the control [...]

6 07, 2020

340B Program Audit: Keep Your Organization Compliant

2020-07-06T15:24:01+00:00July 6th, 2020|340B, Firm News|

  “Eligible healthcare providers can realize substantial financial benefits from the discounts that drug manufacturers are required to provide on outpatient drugs under the 340B Drug Pricing Program. Because the program is complicated, internal audit can help assure that compliance risks are properly identified and managed.” Read more from this article by Draffin Tucker Manager [...]

24 06, 2020

Changes to Hardship Distribution Provisions

2020-06-24T20:52:48+00:00June 24th, 2020|Client Alert|

The Bipartisan Budget Act of 2018 included changes outlined below regarding hardship distributions requirements for most defined contribution plans. The following changes are mandatory effective January 1, 2020: Requirements prior to January 1, 2020 Requirements as of January 1, 2020 6-month suspension of contributions after taking a hardship distribution No suspension of contributions allowed No [...]

24 06, 2020

Impact of SECURE Act and CARES Act on Employee Benefit Plans

2020-06-24T20:49:12+00:00June 24th, 2020|Client Alert|

The Setting Every Community Up for Retirement Enhancement (SECURE) Act includes significant provisions to increase access to retirement funds. Changes included in the SECURE Act: $5,000 withdrawal available upon birth or adoption of a child Required Minimum Distribution age changes from 70 ½ to 72 Part time employees are eligible for participation if they have [...]

18 06, 2020

HHS Safety Net Hospital Distribution

2020-06-18T12:43:29+00:00June 18th, 2020|Client Alert|

The last round of the Department of Health and Human Services (HHS) CARES Act Provider Relief Fund was a $10 billion distribution to safety net hospitals. Hospitals must have met certain criteria to receive a minimum payment of $5 million up to a maximum of $50 million. Acute care hospitals were eligible if they meet [...]

15 06, 2020

GASB Accounting and Financial Reporting Issues Related to the CARES Act

2020-06-15T13:10:34+00:00June 15th, 2020|Client Alert|

On Thursday, June 11th the Governmental Accounting Standards Board (GASB) issued a proposed technical bulletin to clarify accounting and financial reporting issues related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Disease.  There is a 15-day comment period with an immediate effective date upon final issuance. The following [...]

12 06, 2020

GASB Accounting and Financial Reporting Issues Related to the CARES Act

2020-06-12T19:13:28+00:00June 12th, 2020|Tax News, Whitepapers|

On Thursday, June 11th the Governmental Accounting Standards Board (GASB) issued a proposed technical bulletin to clarify accounting and financial reporting issues related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Disease.  There is a 15 day comment period with an immediate effective date upon final issuance. The [...]