Medicare Program; Clarification of Medicare's Accrual Basis of Accounting Policy
medicare · Centers for Medicare and Medicaid Services · Rule · Published 1995-06-27 · Effective 1995-07-27 · 60 FR 33126
Document
Document number
95-15341
Federal Register citation
60 FR 33126
CFR reference
42 CFR 413
Type
Rule
Action
Final rule.
Category
medicare
Sub-agency
Centers for Medicare and Medicaid Services
Publication date
1995-06-27
Effective date
1995-07-27
HHS docket
BPD-366-F
Abstract
This final rule revises the Medicare regulations to clarify the concept of ``accrual basis of accounting'' to indicate that expenses must be incurred by a provider of health care services before Medicare will pay its share of those expenses. This rule does not signify a change in policy but, rather, incorporates into the regulations Medicare's longstanding policy regarding the circumstances under which we recognize, for the purposes of program payment, a provider's claim for costs for which it has not actually expended funds during the current cost reporting period.