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HFMA offers guidance on accounting of EHR payments
Modern Healthcare

The Healthcare Financial Management Association issued guidance on hospitals’ accounting of federal electronic health-record payments. The HFMA analysis, issued through its Principles and Practices Board, addresses two accounting approaches, a contingency model and an International Accounting Standards approach based on grant accounting.

The analysis notes that most Securities and Exchange Commission-regulated hospitals are using a contingency approach, although the SEC has not taken a formal stance on which approach is appropriate.