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Thought Leadership

When it comes to thought leadership and staying informed, we’ve got you covered. See below for recent articles, webinars, and downloadable resources available.

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Medicaid Managed Care Organizations

Kentucky Medicaid Managed Care Organizations Changes

Pursuant to KRS 205.640 and managed care contracts, Kentucky Medicaid Managed Care Organizations (MCOs) are required to provide a Paid Claims Listings (PCLs) to all in-state hospitals. The department and each Medicaid Managed Care Organization shall supply a Paid Claims Listing (PCL) to each hospital within ninety (90) days of the last day of the […]

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Income Approach

The Income Approach in a Post-COVID-19 World

By Brandon Nowling, CPA, CVA, Senior Accountant COVID-19 has created much uncertainty for business owners who are considering buying or selling a business during these troubling economic times. Many owners who are considering selling are asking themselves, “What will the lasting impact be on my business? Will the decline in revenue during 2020 impact my […]

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The Rising Costs for Cyber Insurance and What You Need To Know

By: Tom Skoog, Cybersecurity and Data Management Practice Leader Over the last 12 months, many companies renewing their cyber insurance coverage received quotes with significantly increased rates and severely reduced coverage limits. Why? Let’s start with the history of why it was created in the first place. History of Cyber Insurance The cyber market started in the late 1990s when few companies thought […]

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Volume Decrease Adjustment

Volume Decrease Adjustment: What You Need to Know

The Volume Decrease Adjustment (VDA) is a lump sum payment available to Sole Community Hospitals (SCH) or Medicare Dependent Hospitals (MDH) who have experienced more than a 5% decrease in total discharges of inpatients as compared to the immediately preceding cost reporting period. The decrease in total discharges must be caused by circumstances that are […]

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IRS Federal Penalty Assessment and Abatement – The More You Know

By: Thomas Nowak, Principal Typically, when taxpayers receive a notice and are assessed penalty and interest related to their federal income and informational tax returns, there is a tendency to just pay it. Not so fast! If you have knowledge of the federal system and share your notice and assessment with your tax professional, penalties […]

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Join us for the Construction Summit!

You’re Invited Join us virtually for the 2nd Annual Construction Industry Summit on Thursday, October 21 from 9:00 AM – Noon.  Sessions to look forward to: Keynote Speaker: Dr. Anirban Basu will supply economic analysis of the pre-pandemic and pandemic world, and also provide a forecast for the post-pandemic world. Dr. Basu is the Chairman & CEO […]

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Summary of Ways and Means Committee Proposed Tax Changes

Ways and Means Proposed Tax Increases

By: Derek Gray, CPA, Director On the morning of September 13, 2021, the House Ways and Means Committee released details of proposed tax increases totaling $2.9 trillion. The revenue raised from these increases, along with an additional $600 billion coming from dynamic growth, is intended to pay for the Democrats’ proposed $3.5 trillion budget bill. […]

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referral development for outpatient therapy

Referral Development within Outpatient Physical and Occupational Therapy

When looking at your Outpatient Physical and Occupational Therapy departments, have you noticed a decrease in the volume of outpatient services? At Blue & Co. we often find that many hospitals and hospital systems have viable candidates for outpatient therapy services but are being seen by another healthcare organization due to a lack of a […]

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How Did the American Rescue Plan Affect your Child Tax Credits?

By: Aimee Reavling, CPA, Director & Andy Arnold, CPA, Senior Accountant The American Rescue Plan Act of 2021 was passed by Congress in March 2021 to aid economic recovery from the COVID-19 pandemic. Amongst the most important provisions of the American Rescue Plan were the changes made to the Child and Dependent Care Tax Credit […]

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Employee Retention Credit Relief and Impact on Taxpayers Continues

B: Aimee Reavling, CPA, Director & Justin Gubser, JD, CPA, Manager With the expansion of the Employee Retention Credit (ERC) under the Taxpayer Certainty and Disaster Relief Act of 2020 and the additional extension granted under The American Rescue Plan Act, enacted in March 2021, the ERC now has the potential to provide relief to […]

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Senate Passes Bipartisan Infrastructure Bill

By: Derek Gray, CPA, Director & Chuck Mallick, Senior Manager On August 10, 2021, the Senate passed a bipartisan infrastructure bill. The $1 trillion bill now moves to the House, where the Biden administration hopes for passage shortly after Congress returns from recess. The Senate’s version of the bill contains only a few tax provisions, […]

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How Not-for-Profits Should Account for Employee Retention Credits (ERC)

Overview The Employee Retention Credit (ERC) is a refundable payroll tax credit your not-for-profit (NFP) organization may be eligible to claim. The ERC was originally enacted with the CARES Act in March 2020 and was extended and expanded with the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which was passed in December 2020. […]

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Final Rule FY 2022 for Skilled Nursing Facilities

Fiscal Year (FY) 2022 Skilled Nursing Facility (SNF) Prospective Payment System (PPS) Final Rule (CMS-1746-F) was released on July 29, 2021 by the Center for Medicare and Medicaid Services (CMS). Here is what you need to know about the Final Rule for Skilled Nursing Facilities. Thanks to the stakeholder comments received by the CMS they […]

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Outpatient Therapy Charge Capture

Outpatient Therapy Charge Capture Opportunities

Outpatient Physical and Occupational Therapy are both paid either on a fee schedule or as a percent of charges. This means that if you are missing charges, you are missing out on net revenue opportunities. It is important to have an effective charge capture program to make sure your organization is not losing out on […]

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Webinars

Join us for the Construction Summit!

You’re Invited Join us virtually for the 2nd Annual Construction Industry Summit on Thursday, October 21 from 9:00 AM – Noon.  Sessions to look forward to: Keynote Speaker: Dr. Anirban Basu will supply economic analysis of the pre-pandemic and pandemic world, and also provide a forecast for the post-pandemic world. Dr. Basu is the Chairman & CEO […]

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webinar-cybersecurity-data-management-best-practices-for-nonprofit-organizations

On-Demand Webinar: Cybersecurity & Data Management Best Practices for Nonprofit Organizations

According to a study by the University of Maryland, cyber-attacks happen on average every 39 seconds. Blue & Co. hosted a webinar on Tuesday, July 13 from 12:00 p.m. to 1:00 p.m. EST entitled Cybersecurity & Data Management Best Practices for Nonprofit Organizations. Andrew Brock, CPA, sat down with two of Blue & Co.’s cybersecurity and […]

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On-Demand Webinar: 340B Program Quarterly Update

The 340B Program has seen a lot of changes in 2021. Join Blue & Co.’s Apexus Advanced 340B Experts for a webinar on Thursday, July 15 at 12:00 p.m. In this webinar, Jason Prokopik and Chad Downing will be covering some of the current 340B trends and provide updates from recent HRSA Audits that may […]

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Lost Revenues Calculations

Lost Revenues Calculations: Weekly PRF Update

The PRF reporting portal opened last Thursday as previously announced. There’s a lot to review but the biggest update was to the lost revenues calculations, which will hopefully be welcomed news for many providers. Weekly Insights The lost revenues calculation has once again been updated, per the details on Period 1 calculations provided by the […]

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On-Demand Webinar: Why Documentation in Outpatient Rehabilitation Matters

Staying Ahead of the CMS Auditor: Why Documentation in Outpatient Rehabilitation Matters The Center for Medicare & Medicaid Services (CMS) suspended audits between March and August of 2020 to allow providers to focus on providing care during COVID-19. But now external audits in outpatient rehabilitation are ramping back up. Since the Office of Inspector General […]

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PRF reporting periods

PRF Reporting Periods and Data Requirements: PRF June Update

After months of relative silence and the 6/30/21 deadline to use PRF funds looming, HHS released updated reporting requirements Friday afternoon. There are both new and familiar concepts in the updated reporting guidelines. Below in our Weekly Insights, we provide as much of the detail as possible and highlight changes we believe are most important […]

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