Financial Operations Management, Level I (FOM1) - 2019 Training

This session will cover the history of health centers, including relevant financial issues. Specific focus willbe placed on the benefits, requirements, and operating issues that are unique to health centers.

The day-to-day supervision of a health center Finance Department requires certain systems to ensure that daily, weekly, and monthly reporting information is available. This session will focus on developing accounting systems and generating reports.

This session will focus on the five elements of the 330 scope of service – sites, services, providers, service area, and target population – and how they influence health center finance and operations. We will also compare the Medicaid and Medicare scopes of service and the implications on health center changes in scope and reimbursement.

This session addresses key elements of the grant application process in addition to changes resulting from HRSA’s Compliance Manual Chapter 17: Budget. Additionally, participants discover best practices and recommendations to avoid common mistakes during the budgeting process. Discussion will include guidance on accounting for: budgeting, behavioral health integration, and the impact of each on quarterly and annual reporting, specifically the Federal Financial Reports to be filed in the Electronic Handbook and Payment Management System.

The goal of this session is to help health center financial staff understand the health center budgeting and reporting processes and gain insight into the information HRSA / OIG / Financial Statement Auditors seek when reviewing a health center’s financial records.

Continuation of Federal Grants Management

Health centers need to have positive bottom lines to fund growth and development. This session will show the link between budgeting and profitability and identify key drivers of the health center’s bottom line.

In addition to step by step instruction on how to fill out and file the Federal Financial Report (FFR Form 425), this session also provides an outline that includes an understanding of its purpose and guidance on the information collected on the FFR form.

Preparation of Federal Financial Report (cont.)

Wrap-up and Q & A session

There are unique aspects to how health centers must bill and receive payment for the services they provide. Explanations of how reimbursement for Medicare PPS, Medicaid, sliding fee scales, and other revenue streams operate are discussed. This session will also cover Medicare cost reporting including discussion on patient visits, reclassifications and adjustments, and the draft of the new Medicare Cost Report form.

Understanding Reimbursement in Health Centers including Medicare Cost Reporting (cont.)