AHCA/NCAL Release Financial Guide/COVID Cost Calculator

Carl J. Pucci in Finance & Reimbursement

AHCA/NCAL has released a members only Grant & Loan management guide, a COVID-19 related loss and cost calculator, and an updated accelerated payments FAQ’s. The purpose is to offer a basic tool for members to assess allowable Medicare and Medicaid costs (pre-COVID) and compare such reimbursements to shortfalls where grants and loans fill funding gaps. This tool will be particularly useful with reporting on and documenting use of the CARES Act Provider Relief Fund grants. Below is the AHCA/NCAL bulletin:

AHCA/NCAL Grant & Loan Management Resource Guide 

To aid members with managing the array of federal grants and loans, AHCA/NCAL has developed a basic primer  (login required) for organizing oversight and day-to-day management of these emergency resources. The guidance includes federal cost reporting guidelines as well as recommended financial management approaches for members. This document is the Association’s first version; updates will be developed as the federal government and states release new or updated guidance.   

To download the Resource Guide, log into the AHCA/NCAL website and go here, or the Finance & Reimbursement section of our COVID-19 webpage

COVID-19 Related Loss and Cost Calculator 

Also, available exclusively to AHCA/NCAL members is a COVID-Related Loss and Cost Calculator  (login required). The purpose of this excel workbook is to offer a basic tool for members to assess allowable costs already reimbursed by pre-COVID payers, such as Medicare and Medicaid, and compare such reimbursement to shortfalls where grants and loans fill funding gaps. This tool will be particularly useful with reporting on and documenting use of the CARES Act Provider Relief Fund grants. 

To download the calculator (an Excel workbook), log into the AHCA/NCAL website and go here, or the Finance & Reimbursement section of our COVID-19 webpage

Updated - Accelerated and Advance Payments FAQs 

The AHCA Medicare Accelerated and Advance Payment FAQs have been updated to reflect the April 26 CMS announcement that it is reevaluating the amounts that will be paid under its Accelerated Payment Program to Part A facility-based providers (including SNF) and suspending its Advance Payment Program to Part B suppliers effective immediately. 

Specifically impacting SNFs, beginning on April 26, 2020 CMS will be reevaluating all pending and new applications for Accelerated Payments submitted by SNFs and other facility-based providers in light of the $175 billion recently appropriated for health care provider relief payments. Significant additional funding will continue to be available to healthcare providers through these other programs.

Please email COVID19@ahca.org for additional questions, or visit ahcancal.org/coronavirus for more information.

NYSHFA/NYSCAL CONTACTS:

Carl J. Pucci
Chief Financial Officer
518-462-4800 x36