How Digital Business Is Changing State Tax Exposure
Digital sales, software, inventory, and multistate operations can expand a company’s state tax footprint. Understanding where obligations arise can help businesses manage exposure and plan...
As a reminder, on January 1, 2016, Medicare increased the Prospective Payment System (PPS) base payment rate from $158.85 to $160.60. The PPS base payment rate is effective for the calendar year 2016 and reflects a 1.1% increase from the...
As a reminder, on January 1, 2016, Medicare increased the Prospective Payment System (PPS) base payment rate from $158.85 to $160.60. The PPS base payment rate is effective for the calendar year 2016 and reflects a 1.1% increase from the calendar year 2015 rate. The rate was updated to reflect inflation, and the increase is in accordance with the growth rate of the Medicare Economic Index (MEI).
The geographic adjustment factor (GAF) rate schedule used to calculate the individual’s Federally Qualified Health Center (FQHC) PPS rate has also been updated based on the geographic practice cost indices (GPCIs) used to adjust payment under the Medicare Physician Fee Schedule (MPFS). The FQHC GAF is adapted from the work and practice expense GPCIs which are updated when the work and practice expense GPCIs are updated for the MPFS.
Effective January 1, 2016, the following changes have also taken place:
AAFCPAs encourages FQHCs to revisit the individual PPS rate previously calculated to ensure that it reflects the 2016 updates.
AAFCPAs has been helping healthcare entities succeed since our founding in 1973. If you have any questions, please contact your AAFCPA partner, or Matt Hutt at 774.512.4043, mhutt@aafcpa.com.
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