Budget, Accounting, Insurance, and Financial Viability
Sets out how the Agency keeps an ongoing, accurate and effective budgeting and accounting system, prepares an annual budget that the governing body reviews, keeps the line of credit and the general liability, professional liability and workers' compensation insurance required by LAC 48:I §9105.A.1 in force at all times, and, if Medicare-certified, prepares the overall plan, annual operating budget and capital expenditure plan required by 42 CFR §484.105(h).
About this policy
- Policy number
- LA-HH-BUS-01
- Version
- 1.0
- Main rule
- LAC 48:I §9103.A.2.h
- Library
- Louisiana home health · 57 policies
- Category
- Business
- Sections
- 18
In short
- The Administrator keeps an accurate budget and accounting system.
- The governing body reviews the budget at least once a year.
- We keep general liability, professional liability and workers' compensation insurance in force at all times.
- Report any notice of insurance cancellation to the Administrator the same day.
What's inside
18 sections. The full text comes with the One-time Policy Pack.
- Terms of Reference
- 1. Purpose
- 2. Scope
- 3. Definitions
- 4. Policy Statement (LAC 48:I §9103.A.2.h)
- 5. Annual Budget and Overall Plan
- 6. Accounting System and Financial Reports
- 7. Line of Credit
- 8. Required Insurance
- 9. Monitoring and Renewals
- 10. Financial Distress
- 11. Responsibilities
- 12. Records and Compliance Monitoring
- 13. Staff Training
- 14. References
- 15. Related Policies and Forms
- 16. Approval
- 17. Revision History
An inspector may ask
- Show me this year's budget and the governing body minutes where it was reviewed.
- Show me your current certificates of general liability, professional liability and workers' compensation insurance. Is the Health Standards Section the certificate holder?
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