Services Provided and Our Responsibilities
AHCA, Florida Agency for Health Care Administration, is responsible for the administration of the Florida Medicaid program and the licensure & regulation of Florida's health facilities.
Our Firm has helped dozens of clients over the years in the completion and filing of a AHCA Proof of Financial Ability to Operate and to attain a license from The Florida Agency for Healthcare Administration by fulfilling the necessary requirements in securing their healthcare licensing in various industries. We are familiar with all the schedules and rules to meet the specific requirements of 405.810(8), 408.8065(1) and 400.471, Florida statutes per AHCA standards.
We will prepare the required Health Care Licensing Application and Proof of Financial Ability to Operate as required by AHCA, which includes a compilation of projected financial statements using software customized to meet AHCA requirements, and provides monthly projected summary of revenue, expenses and cash flow statements for 24 months and two year annual balance sheet.
The two year prospective financial statements of the business needs to verify the following:
• Financial viability
• Proper Staffing requirements as mandated by law
• Documents revenue & expenses properly, based on industry standards
• Has funding available to cover shortfalls
An applicant will have to demonstrate the financial ability to operate by completing proof of schedules in conformity with Generally Accepted Accounting Principles. Projections will show assets, credit and projected revenues to meet or exceed projected liabilities and expenses and independent evidence of sufficient funds for start- up, working capital & contingencies. To show AHCA proof of financial ability to operate, the forms and schedules must accompany any initial or change of ownership (CHOW) application for the following types of health care providers:
• Adult Day Care Centers
• Assisted Living Facilities
• Health Care Clinics
• Home Health Agencies
• Home Medical Equipment
• Hospice
• Intermediate Care Facilities for the Developmentally Disabled
• Prescribed Pediatric Extended Care Center
• Skilled Nursing Facilities
All schedules must be prepared by A Certified Public Accountant (CPA) who will compile, examine or apply agreed-upon procedures to prospective financial statements, including summaries of significant assumptions and accounting policies in accordance with generally accepted accounting principles (GAAP).
Please complete the checklist to initiate the process: CLICK HERE