{"ref":"FL-HH-BUS-01","title":"Financial Ability to Operate, Budget, Insurance, and Business Records","category":"Business","summary":"Keeps the Agency able to show AHCA its financial ability to operate, requires an annual budget approved by the governing body, requires notice to AHCA within 10 days of any court action to start bankruptcy, foreclosure, or eviction proceedings, keeps the required insurance in force, and sets how long business records are kept, with the federal institutional planning duties for a Medicare-certified agency.","inShort":["The governing body approves a budget every year and checks the Agency's finances each quarter.","If a paycheck bounces or a bill for essential services goes unpaid, tell the Administrator the same day.","The Agency must tell the state within 10 days of any bankruptcy, foreclosure, or eviction court action.","Financial and business records are kept for at least six years."],"primaryCitation":"s. 408.810(8), F.S.","citations":["s. 408.8065(1), F.S.","s. 408.810(8), F.S.","s. 408.810(9), F.S.","s. 400.471(2)(e), F.S.","s. 400.471(3), F.S.","s. 409.913(9), F.S.","s. 408.807(5), F.S."],"federalCitations":["42 CFR §484.105(h)"],"surveyorAsks":["Show me this year's operating budget and the minutes approving it.","Has there been any bankruptcy, foreclosure, or eviction proceeding involving the Agency? When did you tell AHCA?"],"forms":[],"headings":["Terms of Reference","1. Purpose","2. Scope","3. Definitions","4. Policy Statement (s. 408.810(8), F.S.)","5. Financial Ability at Licensure and Change of Ownership","6. Annual Budget and Financial Reports","7. Signs of Financial Instability","8. Notice of Bankruptcy, Foreclosure, or Eviction","9. Insurance","10. Business and Financial Records","11. Responsibilities","12. Records and Compliance Monitoring","13. Staff Training","14. References","15. Related Policies and Forms","16. Approval","17. Revision History"],"version":"1.0","sample":false,"pack":"fl-hha","state":"Florida","service":"Home health","guides":[{"path":"/guides/home-health-agency-policies/","h1":"What policies and procedures are required for home health agencies?"},{"path":"/guides/home-health-conditions-of-participation/","h1":"Home health Conditions of Participation: which policies each one needs"}],"agency":{"name":"Sample Agency","legalName":"Sample Agency, LLC","logo":null}}