Financial Performance and Medicaid Cost Survey Underway

The Virginia Health Care Association (VHCA) is working with members of the Payment for Services Committee to develop updated nursing facility cost and financial performance information that will be used during the 2012 General Assembly Session.  In connection with this effort, VHCA is utilizing a facility-specific survey designed to collect two sets of data that are critical in assisting the Association as we work with legislators to address inadequate Medicaid funding in Virginia.  The survey tool in an Excel spreadsheet set up so that organizations with multiple facilities can input data for all facilities within a single workbook file.  While the initial request was to our Payment for Services Committee whose members represent the majority of facilities in Virginia, we’re asking that all VHCA facility members that participate in the Medicaid program complete the survey.

Sections of the survey are designed to collect summarized data on an individual facility basis needed for the calculation of financial performance as measured by operating margins.  This data is requested in a manner consistent with annual data submissions to Virginia Health Information (VHI).  Actual and budgeted or projected data for both provider fiscal years 2011 and 2012 is requested.  Data is also being requested via the survey spreadsheet that addresses Medicaid allowable costs in 2010 and 2011.

The initial survey request sent to members of the Payment for Services Committee asked that the completed survey be submitted by Monday, January 9th.  Should your facility not be represented on VHCA’s Payment for Services Committee, we ask that you complete the survey and submit it as soon as possible but no later than January 13th.  

Please submit completed surveys to Hobart Harvey (hobart.harvey@vhca.org or 804.212.1695) or contact him with any questions.