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March 27, 2012 12:48:58 pm

OIG Reviews Several Hospitals for Medicare Billing Issues

After recent reviews of Medicare payments at several hospitals, the Office of the Inspector General (OIG) has found over $1.8 million in overpayments.  Most of the payments were the result of

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Tags: Healthcare

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March 22, 2012 5:19:49 pm

REDW Adds Bookkeeper

REDWLLC, New Mexico’s largest locally owned certified public accounting and business consulting firm is pleased to announce that Salma Gutierrez has joined as Bookkeeper in the Finance department.
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March 22, 2012 1:56:26 pm

Novant Health Embezzlement Case Highlights Need for Risk Oversight

A former risk management executive for Novant Health Inc. pled guilty to the embezzlement of nearly $620,000 over a 7-year period.   Novant Health is parent company of

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Tags: Internal Audit, Fraud, Risk, Healthcare

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March 22, 2012 10:45:59 am

Sage HRMS Newsletter (Issue 1 2012)

View PDF Version of Newsletter

Introducing Sage HRMS 2012
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March 21, 2012 12:58:11 pm

Hospitals Require Up-Front Payment for ER Visits

In an effort to reduce crowding in hospital emergency rooms, many hospitals are now requiring up-front payments for treatment that is considered not urgent.  The pay-first policy has been deemed a success by the nation’s largest nonprof

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Tags: Healthcare

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March 20, 2012 11:27:33 am

HHS Issues Final Policies for Affordable Insurance Exchanges

The U.S. Department of Health and Human Services (HHS) released final policies to help states with the establishment of Affordable Insurance Exchanges.   The policies offer states “sub... » continue reading

Tags: Insurance Exchanges, Healthcare

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March 19, 2012 12:14:16 pm

Expanding Role for Internal Audit: Fraud and Risk Management

Business trends show internal audit teams and chief audit executives (CAEs) are impacting the business climate by expanding their traditional assurance and consulting roles. According to a new report by the
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Tags: Audit, Internal Audit, Risk

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March 16, 2012 4:15:47 pm

Melissa Nunez Passes AIF® Exam

REDWLLC, New Mexico’s largest locally owned certified public accounting and business consulting firm is pleased to announce that Melissa Nunez has successfully completed the Accredited Investment Advisor... » continue reading

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March 16, 2012 11:44:45 am

Hospital mergers and acquisitions are on the rise

In health care today, many forces and factors are creating an environment for hospitals that might be called "consolidation friendly." Stresses within the financial industry have reduced access to capital, while funding r

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March 16, 2012 10:39:06 am

Maintaining tax-exempt status - Can it be done in light of PPACA?

         

The findings of the Institute of Medicine study To Err Is Human are alarming: Tens of thousands of Americans die each year as a result of medical errors. Hospital leaders are in a distinctive position
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March 15, 2012 10:35:39 am

Vote on Private Company Standards Board Expected in May

Financial Accounting Standards Board (FASB) Chairman, Leslie Seidman, has announced that the Financial Accounting Foundation (FA... » continue reading

Tags: Accounting Standards, Private Companies

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March 14, 2012 10:31:22 am

IHS Requests Native American Input on Contract Support Costs

The Department of Health and Human Services (HHS) is seeking input from Native American tribes regarding Contract Support Costs (CSC).  The request comes as a result of discussions betwee

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Tags: Healthcare, “638”, Tribes, self-governance, Self-determination, Contracting tribes, Compacting tribes

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March 13, 2012 11:09:44 am

Moody’s: Proposed 2013 Budget Negative For Nonprofit Hospitals

According to a new credit outlook by Moody’s Investor Service, the proposed 2013 budget would cause hospitals to require new sources of revenue and create additional credit rating stress.&

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Tags: Nonprofit, Healthcare

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March 08, 2012 11:14:40 am

Podcast: COSO Proposes Internal Control Framework Update

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is updating the popular COSO Internal Control – Integrated Framework with changes that make the framework easier to us

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Tags: Internal Controls

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March 07, 2012 12:13:56 pm

IRS Amends Tax Exception Disclosure Rules

The Internal Revenue Service (IRS) has issued final regulations to amend the disclosure requirements for tax-exempt organizations.   The amendment is the result of the D.C. Circuit’

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Tags: Tax, Nonprofit

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March 06, 2012 10:07:49 am

Impact of Proposed Lease Accounting Standards on Companies

Proposed changes to lease accounting rules are causing many companies to revise their leasing strategies.  Both the U.S. and international accounting standards boards are still finalizing the details of the proposed changes, but most companie

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Tags: Accounting Standards

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