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A Conversation on Revenue Recognition (ASC 606)

Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of its efforts to support and assist stakeholders as they cope with the many challenges and hardships related to the COVID-19 pandemic.

Welcome to our first video series on the new revenue recognition standard –  ASC Topic 606, Revenue from Contracts with Customers.  In this video, we will provide you with an overview of the key concepts under each of the five steps as outlined in the standard.

Provider relief funds portal

Provider Relief Funds Portal: Highlights from HRSA Webinar

On July 20th, HRSA hosted a Reporting Technical Assistance Session regarding the Provider Relief Funds Portal. A few members of the Blue & Co. team attended this online session and took away some key pieces of information that will hopefully provide some guidance to your organization as you work your way through the provider relief […]

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Consolidated Billing

Consolidated Billing: New HCPCS Codes for SNFs

New HCPCS codes related to consolidated billing for Skilled Nursing Facilities goes into effect, Oct. 1, 2021. CMS states that this will impact any SNF that “bill Medicare Administrative Contractors (MACs) for services provided to Medicare patients in a covered Part A stay in a SNF.” The full list of code changes are included below […]

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Updated Deadlines for Single Audit: Is Yours Approaching?

On March 19, 2021, the Office of Management and Budget issued memorandum M-21-20 (the Memo), providing an automatic six-month extension for all single audit filings for fiscal year ends through June 30, 2021 (Appendix 3, part IX, of the Memo). For reference, here is a short list of those approaching: As mentioned above, the extension […]

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