Hospice associations release Uniform Chart of Accounts

The National Association for Home Care & Hospice (NAHC) and the Home Care & Hospice Financial Managers Association (HHFMA) have released the Uniform Chart of Accounts in an effort to create uniformity in financial reporting. Medicare cost reporting and financial analysis gathered through its use will allow for accurate data collection and analysis that can be used for improved business management and in advocacy efforts with the Centers for Medicare & Medicaid Services and Congress, the groups said. The Uniform Chart of Accounts provides for all product lines included under the umbrella of home care.