PYA was pleased to present the first annual Summer CPE Symposium. The virtual event offered in-depth and timely information focused on a variety of trending healthcare financial and compliance topics. The “2022 Summer CPE Symposium: What’s Hot in Healthcare” event brought together our team of thought leaders, who offered their expertise and insight into price transparency, IT cost controls, value-based exceptions, revenue generation through clinical trials, Single Audits, and reimbursement.
The panel of presenters included PYA Principals Angie Caldwell, Tynan Kugler, Barry Mathis, Mike Nichols, and Matt Stuart; PYA Director of Business Intelligence & Analytics Jason Hardin; and PYA Senior Managers Trevor Brown, Kathryn Good, and Kathy Reep. The Symposium also included guest speakers Rhonda Paz, Managing Principal, Clinical Trial Administrators, and John Kirsner, Partner, Jones Day.
The complimentary two-day Symposium took place July 27-28, 2022, and featured four sessions each day, covering the following topics:
Day 1 – Wednesday, July 27
“Summer 2022 Audit & Assurance Updates”
Matt Stuart, PYA Principal
Matt provided an overview of the newest changes in accounting and auditing guidance from the FASB, GASB, and AICPA.
“Medicare Margin & Reimbursement Drivers”
Mike Nichols, PYA Principal
In this session, Mike addressed cost reporting margins for Medicare, as well as reimbursement drivers. He covered:
“Single Audits Part 1: The Basics, Preparation, and More”
“Single Audits Part 2: The Basics, Preparation, and More + COVID-19”
With the substantial influx of federal funds sent to healthcare entities over the past few years, it is likely that your organization is undergoing, or will undergo, a Single Audit under Uniform Guidance. In these sessions, Trevor and Kathryn provided insight on a variety of topics related to this type of audit, including:
Day 2 – Thursday, July 28
“Pricing Transparency: Using the Data”
Jason Hardin, PYA Director of Business Intelligence & Analytics
There has been considerable focus on hospital pricing over the last few years. Hospitals are required to comply with price transparency requirements issued by the Centers for Medicare & Medicaid Services (CMS). In addition, the No Surprises Act limits the ability of facilities and providers to balance bill patients for out-of-network services and requires the provision of a good faith estimate of expected patient liability for self-pay patients. In this session, Jason and Kathy provided an overview of both laws and shared:
“Total Costs of IT”
Barry Mathis, PYA Principal
As IT-related resources and the demands upon them continue to grow, it is necessary to understand the factors influencing the costs of these resources. Barry discussed:
“Understanding the Business Case for Using Value-Based Exceptions”
Angie Caldwell, PYA Principal
John and Angie provided an in-depth look at the business case for using value-based exceptions. Key discussion items included:
“Clinical Trials Program as a New or Expanded Service Line”
Tynan Kugler, PYA Principal
A robust and well-run clinical trials service line not only provides patients with access to new drugs and devices but also affords an opportunity for differentiation and positive financial contribution. In this presentation, Tynan and Rhonda discussed:
If you would like additional guidance in these areas or with any matter related to strategy and transactions, compliance, or valuation, one of our executive contacts would be happy to assist. You may email them below, or call (800) 270-9629.
*CPE: Participants were able to earn two CPE credits in Accounting, two credits in Audit, and four credits in Specialized Knowledge. Program Level: Intermediate. Delivery Method: Group Live. Advanced Preparation: None. Prerequisites: None. No fee. PYA, P.C. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.