Accurately project mid-year and final sweeps payments for both RAPS and EDPS submissions.
Retrospective sweeps payments can account for 5-10% of a plan’s total revenue in Medicare.
Mid-year true-up occurs in August of Payment Year
Final true-up occurs in July of the next year
BID DATA NEEDS
Poor assessments of the last push for chart review, the re-submissions of EDPS data, or the deletions of a submission mistake often do not make an impact until months after the bid is due. Accurate financial projections help fix those mistakes before they become major issues.
FINANCIAL FORECASTING & ACCRUALS
Auditors and CFOs want to accrue future revenue with a high level of accuracy.