PYA

??? There’s something in the air… and it’s CHILI! ??? PYA, Realty Trust Group, and PYA Waltman Capital LLC came together for our annual?chili cook-off in support of the Light The Night Walk - The Leukemia & Lymphoma Society. It was a lunch full of fun, flavors, and fundraising for a great cause! Congratulations Steven Hollingshead, Angie Surface, and Matt Bettis! Thank you to everyone who participated and helped us support the fight against blood cancers. Together, we’re making a difference! ????

Heading to Baltimore for the American Health Law Association Fraud and Compliance Forum? Don't miss Shannon Sumner, CPA, CHC presenting alongside Ascension's Leia C. Olsen, JD, MBA, CHC. Also, keep an eye out for PYA's Valerie Rock and Jessica Scouten, CPA, CFE, CIRA, MAFF. Learn more here:?https://bit.ly/3BTdUiV PYA is proud to sponsor this key event again this year.

Are you ready to take your college career to the next level? Check out the ample internship opportunities at PYA ?? Pyapc.com/careers We Saved You a Seat! #PYAWay

It's October, which means it's time for CMS's IPPS rate changes for the new fiscal year. FY 2025 is already off to a challenging start, in part due to an interim final rule released on September 30 which explained the decision to discontinue the low wage index hospital policy. There is a lot of nuance to this, but the changes will be impactful to many hospitals and health systems. Urban hospitals, as a whole, will see a 0.1% increase in payments (anticipated vs. actual payments for FY 2025) while rural hospital payments will be 0.5% less. However, this is in the aggregate, and the impact to individual hospitals will be much more significant. PYA has several experts focused on this topic, and the impact was summarized well by Martie Ross, Emily Wetsel, CPA, and Kathy Reep in this recently published article. They articulate the changes well, but found the following to be one of the most impactful summarizations of the impact of this change: "CMS’ latest action reminds us once again of the inequity inherent in the wage index adjustment:?Hospitals with low wage indexes receive less in reimbursement, leaving them with less to pay in wages. Based on the court’s decision in Bridgeport Hospital, it’s now up to Congress–not CMS—to address this issue. Until then, hospitals in communities with lower wages–often poorer communities with higher social risk factors–will be expected to do more with less." https://lnkd.in/euqm4bEA

PYA is thinking of our many clients and colleagues throughout the Southeast. Wishing you safety and strength. Please take care and let us know how we can help.

PYA's Barry Mathis will provide an update on changes to cybersecurity guidelines and address new federal and state requirements at the?Nebraska Hospital Association's 97th?Annual Convention?in LaVista, NE, Oct. 16-18, 2024. https://bit.ly/4eyBhNc

Make sure to register for tomorrow’s (10/9) complementary webinar detailing the #HIPAA Privacy Rule for #reproductivehealthcareprivacy and the new anti-discrimination requirements. PYA Principals Karin Anderson and Martie Ross will help explain how covered entities and business associates can make they have their “ducks in a row” to comply with this recently passed legislation by Dec. 23, 2024. Click below to check out this webinar at 11am ET on Wednesday, Oct. 9.

Look for PYA's Jessica Scouten, CPA, CFE, CIRA, MAFF at the American Bankruptcy Institute Healthcare Program in Nashville this week. Thank you ABI for your leadership in exploring the key insolvency issues dominating the health care sphere.

Congratulations and thanks again to everyone involved in another successful Innov865 Week! PYA and teknovation.biz were proud to participate, sponsor, and host "Raising Capital in Knoxville." Thanks to John E. Derrick, Britton Garrett, Andrew Hanna, Corey Tyree, and special thanks to our emcee, Brandon Bruce. See you next year!