Healthcare

10/1/16 PPS RATE UPDATE

CMS Issues FY 2017 RUG-IV Medicare SNF PPS Rates Effective October 1, 2016 REIMBURSEMENT RATES IN FY 2017 SNF PPS FINAL RULE The Centers for Medicare & Medicaid Services (CMS) published the final rule updating Medicare SNF PPS rates for federal Fiscal Year (FY) 2017 in the August 5, 2016 Federal Register. The rates will […]

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Deductibility of Entrance Fees Paid to Continuing Care Retirement Communities

How much of the Entrance Fee paid to a Continuing Care Retirement Community qualifies as a medical expense deduction depends on several factors. These factors cannot be determined by the taxpayer or the taxpayer’s tax advisor alone.  The health care facility will need to provide information to its residents to help them determine the deductible […]

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Not-for-Profit Accounting Amendments Update

On March 30, 2016, the Financial Accounting Standards Board (FASB) had its final meeting before finalizing the first phase of the not-for-profit project. The board is working to improve financial statement disclosures stemming from the Proposed Accounting Standards Update (ASU) No. 2015-230, Not-for Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of […]

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ODH Releases 2016 County Bed Need Results

Ohio Department of Health (ODH) has released the results of the 2016 bed need determination for Ohio nursing facilities.  The fiscal year 2010 Ohio budget (House Bill 1) included a provision to allow the inter-county movement of beds between counties in need of beds and counties with excess beds. Certificate of Need (CON) applications to […]

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