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CMS Re-releases Timetable For FFY 2020 Wage Index Survey And The Preliminary Wage Index PUF

On June 8, 2018, the Centers for Medicare and Medicaid Services (CMS) re-released the timetable for Federal Fiscal Year (FFY) 2020 Wage Index Survey and the preliminary Wage Index Public Use File (PUF). This wage index cycle is based on the Medicare cost reports beginning in FFY 2016 (cost reports beginning between 10/01/2015 and 9/30/2016). The deadline for hospitals to request revisions to their Worksheet S-3 wage data and Calendar Year (CY) 2016 occupational mix data is September 4, 2018. MAC’s must receive the revision requests and supporting documentation by this date.

Blue & Co.’s team of wage index professionals has significant experience in guiding hospitals through the Wage Index revision process. We can review your wage data to help identify opportunities and appropriately capture all information required. We can also help to ensure you are in compliance with CMS regulations and develop strategies relative to the Wage Index Survey.

If you are interested in learning more about how Blue & Co. can help with your Wage Index Survey, please contact one of the following people for more information:


Julie DiFrancesco at jdifrancesco@blueandco.com

Carolyn Chaplin at cchaplin@blueandco.com

Kyle Smith at kcsmith@blueandco.com

Kelly Jones at kjones@blueandco.com

 

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Blue & Co., LLC acquires Alerding CPA Group

Blue & Co., LLC acquires Alerding CPA Group

Carmel, Ind. (November 23, 2022) – The accounting and consulting firms of Alerding CPA Group (Indianapolis, Ind.) and Blue & Co., LLC (Carmel, Ind.) have announced their merger. The combined firm will operate as Blue & Co., LLC (Blue & Co.), effective December 1, 2022. This acquisition will provide Blue & Co. with greater market […]

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Not-for-Profit Single Audit Requirements – Evaluation of Revenue Sources

By: Holly Fields, CPA, Senior Manager Not-for-profit organizations (NFPs) that receive federal financial assistance over certain levels, either directly from a federal agency or indirectly through state or local agencies, may be required to have a single audit performed under Federal Uniform Guidance. Single Audit Requirements A single audit includes not only an audit of […]

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Occupational Mix Survey: What You Need to Know

Every three years, the Centers for Medicare and Medicaid Services (CMS) requires any Hospital that is subject to the Inpatient Prospective Payment System (IPPS) to complete an Occupational Mix Survey (OMS). This data is then used to calculate an Occupational Mix Adjustment Factor (OMAF). The occupational mix adjustment impacts a hospital’s average hourly wage and […]

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