Knowledge Center
Thank you for visiting our Knowledge Center. In the blog feed below you will find all articles, press releases, event information and news items about our firm and current industry trends. The Knowledge Center menu to the right will filter all posts based on category. The search feature is available to help narrow the presented information further.
Low Volume Hospital Payment Adjustments for FFY 2021
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 [...]
HHS Provider Relief Funds Reporting
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 [...]
Control and Use of Provider Relief Funds Payments
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 [...]
340B Update Webinar – Draffin Tucker 2020 Virtual Healthcare Conference (7/8/20)
View the 340B Update video from Draffin Tucker's 2020 Virtual Healthcare Conference here.
340B Program Audit: Keep Your Organization Compliant
“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 [...]
Changes to Hardship Distribution Provisions
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 [...]
Impact of SECURE Act and CARES Act on Employee Benefit Plans
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 [...]
HHS Safety Net Hospital Distribution
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 [...]
GASB Accounting and Financial Reporting Issues Related to the CARES Act
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 [...]
GASB Accounting and Financial Reporting Issues Related to the CARES Act
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 [...]
HHS High Impact Area Data Request Due June 15, 2020
The Department of Health and Human Services (HHS) has plans to distribute an additional $10 billion in provider relief funds to hospitals that have been significantly impacted by COVID-19. To determine the distribution, HHS is [...]
Medicare Bad Debt Policies Proposed in FY 2021 Inpatient Prospective Payment System (IPPS) Proposed Rule
In the FY 2021 IPPS Proposed Rule, the Centers for Medicare and Medicaid Services proposes to codify its bad debt policies included in Chapter 3 of the Provider Reimbursement Manual. The following longstanding policies would [...]
HHS General Distribution Portal Reporting Due June 3, 2020
Per the HHS Press Release on May 20, 2020: Today, the U.S. Department of Health and Human Services (HHS) is reminding eligible providers that they have until June 3, 2020, to accept the Terms and [...]
SBA Releases PPP Forgiveness Application and Instructions
The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, has released an application for Paycheck Protection Program (PPP) loan forgiveness along with instructions for completion. The form and instructions can [...]
GASB Delays Certain Authoritative Guidance
On Friday, May 8th the Governmental Accounting Standards Board (GASB) issued Statement No. 95 to postpone certain authoritative guidance in response to the impact of Coronavirus (COVID-19). The Statement is effective immediately. Updated Statement effective [...]
HHS Funds Distribution Requirements
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. This has been or will be awarded in [...]
2019 Occupational Mix Survey for Wage Index Beginning FFY 2022
The Centers for Medicare and Medicaid Services (CMS) is required to collect data every three years on the occupational mix of employees for each short-term, acute care hospital that is subject to the inpatient prospective [...]
Medicare Uncompensated Care Data – Worksheet S-10 Audits
CMS has instructed Medicare Administrative Contractors (MACs) to audit cost report data included on Worksheet S-10 for cost reporting periods beginning October 1, 2017, through September 30, 2018. The focus of the audits is on [...]
SBA Paycheck Protection Program Loan Update: Additional Guidance for Hospital and Healthcare Authorities
On May 3, 2020, the SBA released additional questions and answers, which can be found at the following link: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf Of particular note is Q&A #42, which relates to hospitals that are exempt from taxation [...]
CMS Releases Survey on 340B Acquisition Costs for Hospitals
At a time when 340B hospitals are providing vital services to their communities in the wake of COVID-19, facing budgetary shortfalls and making critical staffing decisions, CMS has released its survey of average 340B acquisition [...]
COVID-19 Claims Reimbursement for Testing and Treating Uninsured Patients
A portion of the $100 billion Provider Relief Fund will be used to reimburse healthcare providers for COVID-related treatment of the uninsured. Every health care provider who has provided testing or treatment for uninsured COVID-19 [...]
Federal Funding Considerations and Data Capture
There are numerous governmental programs available to healthcare providers to assist in funding the impact of COVID-19 on their organizations. These programs have terms and conditions, attestation requirements, and other expectations of the healthcare organization. [...]
HHS Targeted Relief Fund Data Submission to Help Determine Distribution of Additional CARES Act Funds
The Secretary of Health and Human Services (HHS) will soon make targeted distributions to hospitals and other facilities that have been particularly affected by the increased burden of caring for those with the coronavirus. To [...]
COVID-19 Telehealth Funding
On April 2, 2020, the Federal Communications Commission (FCC) established the COVID-19 Telehealth Program. As part of the CARES Act, this program will provide $200 million in funding to assist healthcare providers pursuing telehealth in [...]
GASB Proposes One-Year Delay to Certain Authoritative Guidance
On Wednesday, April 15th the Governmental Accounting Standards Board (GASB) issued an exposure draft proposing a one-year delay of certain authoritative guidance in response to the impact of Coronavirus (COVID-19). There is a 15-day comment [...]