December 2, 2014, 1:00pm - 2:30pm EST
Over recent years, an increasing percentage of hospices have exceeded their aggregate CAP; similarly, a growing percent of hospices are ending their CAP year close to the CAP threshold. A provision of the recently-enacted IMPACT Act (P.L. 113-185) will slow the annual rate of growth of the aggregate CAP, potentially placing more hospices at risk for a CAP liability. The Centers for Medicare & Medicaid Services (CMS) has mandated that hospices, beginning with the 2014 CAP year (Nov. 1, 2013 through Oct. 31, 2014) calculate and self-report their hospice aggregate CAP status and submit payment of any associated liability within 5 months of the close of the CAP year. Given these changes, it is prudent that EVERY hospice program more closely monitor its aggregate CAP status throughout the course of the year. Accuracy and appropriate timing of the CAP calculation play a critical role in minimizing interim payments, as does knowledge of a hospice's options related to Extended Repayment Schedules (ERS).This session will provide attendees with general knowledge and skills to effectively monitor their aggregate CAP, and manage CAP reporting as well as any associated CAP liabilities.
Outline the rationale behind closer scrutiny of aggregate CAP liability and the policy goals related to more timely self-reporting
Explain the need to monitor CAP status throughout the year; Describe how to effectively monitor and compute the hospice's aggregate CAP status
Describe the information necessary to prepare the annual CAP self-determination and to make this submission
Project the final CAP liability and make request for ERS
Val J. Halamandaris, JD, President, NAHC, Washington, DC
William T. (Ted) Cuppett, BS, CPA, Managing Partner, The Health Group, LLC, Morgantown, WV
Theresa Forster, Vice President for Hospice Policy and Programs, NAHC, Washington, DC
Hospice managers and financial personnel
This is a recording that includes power point presentations. We encourage submission of questions from participants on the related subject matter during today’s web event. If you have a question (s) for the panel, please email your question to firstname.lastname@example.org.
Continuing Education Credits Offered to Accounting and Nurses:
Continuing Education Credits Offered to Accounting — This activity offers 2.0 CPE Credits
Inquisit is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
Program Level: Intermediate
Delivery Method: Group Live
Advanced Preparation: None
Continuing Education Credits Offered to Nurses — This activity offers 1.5 CNE Credits for 90 minutes
Maryland Nursing Association (MNA), our continuing education provider, will offer continuing education credits
(1.5 CNE for 90 minutes)to nurses for this web event. This continuing nursing education activity was approved by the Maryland Nurses Association, an accredited approver by the American Nurses Credentialing Center's Commission on Accreditation. The approval code is: N14-60-1202-1126. Recorded (enduring) activity approval code is: LN14-43-1201-1202. Certificates for the recorded activity may be downloaded until March 31, 2015. The Maryland Nurses Association and American Nurses Credentialing Center Commission on Accreditation does not imply endorsement of any product, service or company referred to in this activity.
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