TQAs discuss nongovernmental health care entities’ pandemic-related issues

By Ken Tysiac

Nongovernmental health care entities’ accounting for coronavirus pandemic-related governmental assistance is addressed in Technical Questions and Answers issued by the AICPA on Wednesday.

TQAs 6400.63–.70 were developed by the AICPA Health Care Expert Panel and provide background and nonauthoritative accounting information for nongovernmental health care entities, which include business entities and not-for-profits.

Information is provided about assistance provided under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, as well as pandemic-related funding from the Federal Emergency Management Agency.

The CARES Act TQAs discuss the accounting for:

  • Provider Relief Fund general distribution payments and payments for treating uninsured coronavirus patients;
  • Payments received under the Medicare Accelerated and Advance Payment Program; and
  • Temporary increases in payments for services to Medicare and Medicaid patients.

Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.

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