Code of Maine Rules
10 - DEPARTMENT OF HEALTH AND HUMAN SERVICES
144 - DEPARTMENT OF HEALTH AND HUMAN SERVICES - GENERAL
Chapter 101 - MAINECARE BENEFITS MANUAL (FORMERLY MAINE MEDICAL ASSISTANCE MANUAL)
Chapter III - Allowances for Services
Section 144-101-III-107 - Principles of Reimbursement for Psychiatric Residential Treatment Facility Services
Subsection 144-101-III-107-5 - ACCOUNTING REQUIREMENTS
Universal Citation: 10 ME Code Rules ยง 144-101-III-107-5
Current through 2024-38, September 18, 2024
5.1 ACCOUNTING PRINCIPLES
5.1.1 All
financial and statistical reports shall be prepared in accordance with
Generally Accepted Accounting Principles (GAAP), consistently applied, unless
these rules require specific variations in such principles and Medicare
Provider Reimbursement Regulations HIM-15.
5.1.2 The provider shall establish and
maintain a financial management system that provides for adequate internal
control assuring the accuracy of financial data, safeguarding of assets and
operation efficiency.
5.1.3 The
provider shall report on an accrual basis, unless it is a state or municipal
institution that operates on a cash basis. The provider whose records are not
maintained on an accrual basis shall develop accrual data for reports on the
basis of an analysis of the available documentation. The provider shall retain
all such documentation for audit purposes.
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