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Calculating Eligible Expenses and Lost Revenue: What happens when a Reporting Entity changes the lost revenues methodology from one reporting period to the next?

What happens when a Reporting Entity changes the lost revenues methodology from one reporting period to the next?

When a Reporting Entity chooses a different lost revenues methodology from one reporting period to the next, the system requires confirmation of the change by the Reporting Entity. If the lost revenues methodology changes, data submitted in the prior reporting period is not pre-populated into the current report (as it would be if the same methodology was used from one reporting period to the next). After a change in methodology is saved in the current report, the portal user will not be able to retrieve data entered in the previously submitted report. Lost revenues data for the current reporting period must cover the entire period of availability.

The reporting portal tracks changes in the calculation of lost revenues from one reporting period to the next. The changes tracked include any changes in the baseline used for comparison, that is, changes to 2019 actuals for a provider that elected to use option 1, changes in the budgeted numbers for providers who elected to use option 2, and any inputs used for providers who elected to use option 3. The system will also calculate and track unreimbursed lost revenues that may fluctuate as a result of the methodology change.

Please refer to the Reporting Portal Resources section of the Reporting Resources page for additional information.

(Added 1/27/2022)

Calculating Eligible Expenses and Lost Revenue
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