A Message to New Hampshire Licensed Healthcare Providers Regarding Financial Reporting

The State of New Hampshire’s Department of Health and Human Services Office of Improvement and Integrity issued a letter to all licensed healthcare facilities on March 1, 2011 informing them of the financial reporting requirements effective January 1, 2011 under Administrative Rule He-C 1550 (see link below).

The letter, issued by the Office of Improvement Administrator Stephen J. Mosher, reminds facilities licensed under RSA 151:2 that financial data is required to be submitted to the Department by each health care facility receiving payments of $500,000 or more of state and/or federal funds in the previous fiscal year. The Administrative Rule also discusses what a health care facility should do if they are under the stated threshold.

Other important selected matters discussed in He-C 1550 are as follows:

  • Deadlines for submission of financial data
  • Submission of filed and settled Medicare and/or Medicaid cost reports
  • Definition of Health Care Facility
  • Definition of Financial Data
  • Extension requests if an HCF in unable to meet a specific deadline
  • Monetary penalties should an HCF be noncompliant

Please read the entire Administrative Rule He-C 1550 for full disclosure of the Department’s policy and compliance expectations.

If you have any questions regarding this requirement, please contact Baker Newman Noyes professionals at 1.800.244.7444.

Disclaimer of Liability: This publication is intended to provide general information to our clients and friends. It does not constitute accounting, tax, investment, or legal advice; nor is it intended to convey a thorough treatment of the subject matter.

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