Medicare and GAAP: understanding the decision of the Sixth Circuit in Guernsey Memorial Hospital v. Secretary of Health and Human Services.
The Medicare Act entitles qualified providers to reimbursement for the "reasonable cost" of furnishing hospital services to Medicare beneficiaries. The Sixth Circuit's decision in Guernsey Memorial Hospital demonstrates the tension between generally accepted accounting principles and Medicare reimbursement principles.
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Dechert Price & Rhoads, Washington, DC.
D000066:Accounting / Q000331:legislation & jurisprudence / Q000592:standards*; D002202:Capital Financing / Q000331:legislation & jurisprudence*; D003361:Cost Allocation / Q000331:legislation & jurisprudence; D005377:Financial Management, Hospital / Q000331:legislation & jurisprudence* / Q000592:standards; D017721:Hospital Costs / Q000331:legislation & jurisprudence; D006278:Medicare / Q000191:economics / Q000331:legislation & jurisprudence*; D011445:Prospective Payment System / Q000331:legislation & jurisprudence*; D014481:United States