Medicare program; clarification of Medicare's accrual basis of accounting policy--HCFA. Final rule.
This final rule revises the Medicare regulations to clarify the concept of "accrual basis of accounting" to indicate that expenses must be incurred by a provider of health care services before Medicare will pay its share of those expenses. This rule does not signify a change in policy but, rather, incorporates into the regulations Medicare's longstanding policy regarding the circumstances under which we recognize, for the purposes of program payment, a provider's claim for costs for which it has not actually expended funds during the current cost reporting period.
D000066:Accounting / Q000331:legislation & jurisprudence*; D014487:Centers for Medicare and Medicaid Services, U.S.; D017048:Health Care Costs / Q000331:legislation & jurisprudence*; D006278:Medicare / Q000191:economics / Q000331:legislation & jurisprudence*; D016134:Organizational Policy; D012051:Reimbursement Mechanisms / Q000331:legislation & jurisprudence*; D013997:Time Factors; D014481:United States