HEALTHCARE

Hospital Price Transparency

What's New In late 2019, after months of discussion, CMS released its final rule on hospital transparency, mandating the disclosure of standard charges as well as negotiated rates. This update followed closely on the heels of the 2019 CMS requirement that hospitals publicly post their chargemasters and the subsequent executive order from President Trump calling [...]

2020-10-13T15:59:26-05:00October 13th, 2020|HOSPITALS & HEALTH SYSTEMS|

New Opportunities Arise if Hospitals Embrace Pricing Transparency

In a sweeping effort to empower patients, hospitals are now required by the federal government to post their standard service costs online. This new price transparency rule seeks to provide the public with a more traditional consumer experience, unveiling more information for patients to consider when making critical healthcare decisions. The question is, will this [...]

2020-10-20T09:28:48-05:00August 30th, 2020|HEALTHCARE, HOSPITALS & HEALTH SYSTEMS|

Federal Awards Best Practices

Download this Resource Have you or your organization received support under the CARES Act Provider Relief Fund? Did you know that receiving those funds may trigger an audit requirement—even for commercial (i.e, for-profit) organizations? Preparing for an audit of federal award funds can seem daunting, even if you have been subject to them [...]

2020-08-21T13:47:49-05:00August 19th, 2020|COVID-19, HEALTHCARE|

PRF Requirements Summary

Our initial piece, Provider Relief Fund Recipient Q&A, introduced the notion that recipients of funds awarded and disbursed by the U.S. Department of Health and Human Services (HHS) under the CARES Act Provider Relief Fund (PRF) could – much to their surprise – be subject to an audit related to those awards. This requirement is [...]

2020-08-19T18:23:44-05:00August 19th, 2020|COVID-19, HEALTHCARE|

Provider Relief Fund Recipient Q&A

1. Have you or your organization received support under the CARES Act Provider Relief Fund (PRF)? The U.S. Department of Health and Human Services (HHS) was authorized under the CARES Act to distribute $175 billion to hospitals and healthcare providers on the front lines of the coronavirus response.  Of this amount, approximately $130 billion has [...]

2020-08-14T13:22:52-05:00August 14th, 2020|COVID-19, HEALTHCARE|

CARES Act and Provider Relief Fund Single Audit

In less than four months, the United States government has distributed (or is in the process of distributing) hundreds of billions of dollars in funding to state and local governmental entities and healthcare providers of almost all types. This funding was authorized in various spending bills between March and May of 2020, with the most [...]

2020-10-01T13:36:50-05:00July 27th, 2020|COVID-19, DISASTER RECOVERY, GOVERNMENTS, HEALTHCARE|

Healthcare Organizations: Are You Ready for New Revenue Recognition Rules?

Download a printable version of this resource here. Even amid significant uncertainty, financial reporting must go on. One of the most pervasive accounting standard changes in recent history, Accounting Standards Codification 606, Revenue from Contracts with Customers (ASC 606), is now in effect for all companies that issue financial statements in accordance with Financial Accounting [...]

2020-06-19T08:26:25-05:00May 5th, 2020|HEALTHCARE|

The Waiting Game: Is Your Economic Injury Disaster Loan On Its Way?

UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the EIDL program by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more: https://www.cricpa.com/additional-funding-ppp-eidl-relief/ Please note that if you have already submitted your application, that the SBA is continuing to process those applications on a first-come, first-served basis. [...]

PPP Guidance for Self-Employed Individuals

UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the PPP by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more. The Small Business Administration (SBA) has released much-anticipated guidance for self-employed individuals and independent contractors (self-employed individuals) that are applying for a Paycheck Protection Program (PPP) loan. [...]

2020-04-24T13:39:22-05:00April 15th, 2020|CONSTRUCTION, COVID-19, HEALTHCARE, SMALL BUSINESS|

Healthcare Industry Update: COVID-19

In the span of less than 90 days, the United States government made unprecedented changes to existing regulations and authorized the injection of $175 billion of funding into the healthcare space – and they aren’t finished yet. These bold actions were taken to (hopefully) ensure that healthcare providers are able to remain open and service [...]

2020-10-01T13:37:23-05:00April 14th, 2020|COVID-19, HEALTHCARE|

Comparison: COVID-19 Employer Relief Options

UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the PPP/EIDL program* by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more.Which COVID-19 relief benefit is right for your business, nonprofit, or governmental entity? The answer depends! Do you have over 500 employees, over 100 employees, under [...]

Q & A: Paycheck Protection Program for Small Businesses

UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the PPP by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more. The recently passed Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, has earmarked nearly $350 billion in a relief program through the Small [...]

Main Street Lending: Introduction to the Paycheck Protection Program (PPP)

UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the PPP by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more. One of the most notable parts of the CARES Act is the opportunity for loan forgiveness through the Paycheck Protection Program (PPP). What is it? How [...]

Long-Term Care Facilities COVID-19 Preparation

Since the first nursing home case in Kirkland, Washington, 147 skilled nursing facilities in 27 states have at least one resident with COVID-19, according to data recently released by the Centers for Medicare and Medicaid Services (CMS). While every year seems to bring challenges for the providers to care for their residents, COVID-19 has quickly [...]

2020-03-27T16:47:45-05:00March 27th, 2020|COVID-19, HEALTHCARE|

Insurance Policyholder Considerations for COVID-19

The effects of the COVID-19 virus are only beginning to be felt within our communities and across the nation. Both business leaders and employees are looking for answers to difficult questions as we work to control both the spread of the virus and the economic effects after its curtailment, resulting in significant insurance policyholder considerations [...]

Best Practices for Non-Acute Care Entities During COVID-19 Disruption

The effects of COVID-19 have been widespread, devastating, and extremely rapid across the global economy. One of the most affected segments is healthcare. While acute care facilities (hospitals, skilled nursing, etc.) are required to deal with tremendous volume, despite lack of staffing and resources, the remainder of the healthcare spectrum, namely non-acute care providers, are often [...]

2020-03-26T01:19:57-05:00March 26th, 2020|COVID-19, HEALTHCARE|

Proposed Healthcare Economic Relief for Rural Facilities and Providers

Three members of the US Senate (two Democrats and one Republican) have recently proposed the Immediate Relief for Rural Facilities and Providers Act. This is primarily a hospital event. While simply a proposal, it is important to understand the provisions, as some (or all) of these measures may eventually make their way into law, in some [...]

2020-03-25T04:06:25-05:00March 24th, 2020|COVID-19, HEALTHCARE|

Phase 3 Stimulus Bill Provisions for Healthcare

Updated March 26, 2020 Congress has passed the Phase 3 Stimulus Bill, which is unprecedented in recent years in terms of the dollars to be expended and the scope of the legislation. The following are a few key provisions of the bill that are relevant to healthcare providers. All Healthcare Providers: Elimination of the 2% [...]

2020-03-26T17:45:05-05:00March 23rd, 2020|COVID-19, HEALTHCARE|

Key Factors that Drive Reimbursement in the PDPM Model

PDPM or Patient-Driven Payment Model is the new Medicare reimbursement system. It introduces a number of changes compared to the historical RUG-IV model. It is designed to address each patient’s unique needs independently and encourages more specialized, patient-driven care.   Under PDPM, each patient is classified into a group of each of the five case-mix [...]

2019-12-06T13:20:57-06:00December 6th, 2019|HEALTHCARE|

Healthcare Data Breach: You Could Be Ripe for the Picking

Hospitals and health systems across the country have increasingly reported sophisticated malware attacks, many of which seem to originate from groups in Russia, China, and eastern Europe. These attacks generally fall into one of two broad categories. The first is an intent by the criminals to obtain names, addresses, and social security numbers of patients, [...]

2019-11-18T21:43:14-06:00November 18th, 2019|HEALTHCARE|