Financial Solvency and Business Records
The Agency keeps itself financially able to meet its obligations to clients, staff, and creditors, maintains the business and financial records that show this, and makes them available to HHSC on request.
About this policy
- Policy number
- TX-FIN-01
- Version
- 1.1
- Main rule
- 26 TAC §558.252
- Library
- Texas home care · 46 policies
- Category
- Business
- Sections
- 14
In short
- Never mix agency money with your own money.
- Do not hold or manage a client’s money or property unless the client’s service agreement says you may.
- Keep business records private. Do not share pay, billing, or agency financial papers with anyone outside the office.
- If a state surveyor asks for business or financial records, send them to Pat Sample, who provides them.
What's inside
14 sections. The full text comes with the One-time Policy Pack.
- Terms of Reference
- 1. Purpose
- 2. Scope
- 3. Definitions
- 4. Policy Statement (26 TAC §558.252)
- 5. Procedure
- 6. Responsibilities
- 6.1 Staff Training
- 7. Records
- 7.1 Compliance Monitoring
- 8. References
- 9. Related Documents
- 10. Approval
- 11. Revision History
An inspector may ask
- Show me your most recent balance sheet and income statement, and who reviewed them.
- Where are your license, ownership documents, and current insurance certificates kept?
See Cura Core with your agency's name on it.
Choose your state and type of agency, buy your Policy Pack online and get your sign-in by email. Already a customer? Sign in to your portal.