Overall Plan, Annual Operating Budget, Capital Expenditure Plan, and Insurance
Requires an overall plan and a budget prepared under the direction of the governing body, with an annual operating budget and a capital expenditure plan for at least three years, reviewed and updated at least annually; and keeps the Agency’s surety bond, workers’ compensation coverage, insurance and business records in order.
About this policy
- Policy number
- OH-HH-BUS-01
- Version
- 1.0
- Main rule
- 42 CFR §484.105(h)
- Library
- Ohio home health · 59 policies
- Category
- Business
- Sections
- 17
In short
- The governing body approves a plan and budget every year and reviews them at least annually.
- The Agency keeps workers’ compensation and liability insurance in force.
- Report any accident or damage that could lead to a claim to the Administrator the same day.
- Never destroy or change business or billing records.
What's inside
17 sections. The full text comes with the One-time Policy Pack.
- Terms of Reference
- 1. Purpose
- 2. Scope
- 3. Definitions
- 4. Policy Statement (42 CFR §484.105(h))
- 5. Preparing the Plan and Budget
- 6. Monitoring and Annual Update
- 7. Surety Bond
- 8. Workers’ Compensation and Insurance
- 9. Business Records
- 10. Responsibilities
- 11. Records and Compliance Monitoring
- 12. Staff Training
- 13. References
- 14. Related Policies and Forms
- 15. Approval
- 16. Revision History
An inspector may ask
- Show me your overall plan, this year’s operating budget and your capital expenditure plan.
- Who prepared the plan and budget, and when did the governing body last review and update them?
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