{"ref":"PA-HH-BUS-01","title":"Budget, Institutional Planning, and Business Records","category":"Business","summary":"Requires the Agency, under the direction of the governing body and with administrative and health professional staff, to prepare an overall plan and budget each year, to run an effective budgeting and accounting system, and to keep business and fiscal records available to the Department of Health and the Medical Assistance program; adds the federal operating budget and three-year capital expenditure plan for a Medicare-certified agency.","inShort":["Each year the Agency prepares a written plan and budget, approved by the governing body.","The plan covers the services we offer, the patients we expect, and the staff we need.","Financial and claims records are kept carefully and shown to state and federal officials on request.","Never alter or throw away business records; corrections must leave the original readable."],"primaryCitation":"28 Pa. Code §601.21(i)","citations":["28 Pa. Code §601.11(c)","28 Pa. Code §601.21(c)","28 Pa. Code §601.21(d)","28 Pa. Code §601.21(i)","55 Pa. Code §1101.51(e)"],"federalCitations":["42 CFR §484.105(h)"],"surveyorAsks":["Show me this year’s overall plan and budget. Who prepared it and when did the governing body approve it?","How does the governing body oversee the agency’s finances?"],"forms":[],"headings":["Terms of Reference","1. Purpose","2. Scope","3. Definitions","4. Policy Statement (28 Pa. Code §601.21(i))","5. Preparing the Overall Plan and Budget","6. Budgeting, Accounting, and Financial Oversight","7. Reports to Regulators and Payers","8. Business and Fiscal Records","9. Responsibilities","10. Records and Compliance Monitoring","11. Staff Training","12. References","13. Related Policies and Forms","14. Approval","15. Revision History"],"version":"1.0","sample":false,"pack":"pa-hha","state":"Pennsylvania","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}}