Introduction to the Proof of Financial Ability to Operate
Manage episode 383572691 series 3528434
The Proof of Financial Ability to Operate (PFA) form serves as a method for healthcare applicants seeking licensure to demonstrate that there is a financial plan to maintain financial stability to ensure the delivery of healthcare services, equipment and products to the residents of Florida.
In this episode, Sandy Lenner will introduce some of the accounting requirements and the intricacies outlined in the instructions, including the critical ten-day rule that often catches applicants off.
Listen as Sandy makes you aware of five common pitfalls of often encountered when preparing the PFA, from salary considerations to administrative FTEs, accounts receivable challenges, financial schedule matching problems, and one oversight that is simple to avoid, but is often overlooked.
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