Standardize Financial Info With New Cost Reporting Guidelines

June 2012
Eli's Home Care Week;6/18/2012, Vol. 21 Issue 22, p171
The article discusses the standardized financial data and new cost reporting guidelines from the Home Care & Hospice Financial Managers Association (HHFMA). The association claims that creating uniformity in financial reporting of medical care costs will allow accurate data collection and analysis for compliance with the U.S. Center for Medicare & Medicaid Services (CMS). The voluntary chart of accounts will cover all home care product lines such as hospice, private duty, and pharmacy.


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