This session will provide an overview of the various COVID-19 relief programs and how to present receipt of funds in the financial statements. The presenter will provide various methods to track reimbursable costs within the general ledger, including setup and integration with payroll and procurement systems. The presenter will discuss how to accumulate source documentation to support allowable expenses.

Webinar Objectives:

This webinar will present advanced level information which will be beneficial for the CFO, the finance team, and other interested individuals from long-term care organizations.

At the conclusion of this webinar, participants should be able to:

• Explore the various funding programs available to providers and the resulting reporting requirements.
• Outline various methods to establish tracing of COVID-19 related expenses within the general ledger system
• Identify methods to accumulate documentation to support reimbursement of expenses under relief funding programs

Discuss how to present receipt of relief funding in your financial statement, as well as implications in future periods.

Presenter:

For more than 25 years, Michael has assisted hospital systems, senior living providers, home health agencies, hospice agencies, physician practices, and insurance payers. Michael has worked in a professional services role as well as within a national health care provider’s internal audit and compliance departments. He is an experienced speaker and author, having authored Knowledge-Based Audit Procedures for Healthcare Entities for CCH.

Cost:
Members: free
Non-members: $25

Register now.