Accounting Treatment

GAAP, concepts, and definitions are used unless otherwise specified. When alternative treatments are available under GAAP, the acceptable treatment is the one that most clearly attains program objectives. (7-1-26) 01. Final Payment. Final payment is made based on the reasonable cost of services as determined by audit under these rules. (7-1-26) 02. Overpayments. Recovery of overpayments is attempted as quickly as possible consistent with the financial integrity of the provider resulting in two (2) circumstances: (7-1-26) a. For unfiled cost reports, all payments included in the recovery period and any subsequent payments are due. (7-1-26) b. Excessive reimbursement or non-covered services may precipitate immediate audit and settlement for the periods in question. When such a determination is made, the interim reimbursement rate (IRR) is reduced. This reduction is designated to discontinue overpayments (on an interim basis) or recover overpayments. (7-1-26)