State of Texas Chooses New Financial Model for Auditors

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State of Texas Chooses Peterson & Peterson 's Financial Model for Auditor Training

The Health and Human Services Commission of the State of Texas asked Peterson & Peterson, P.C. to provide their methodology spreadsheet for cost reports in order to train State auditors. Peterson & Peterson P.C.'s cost reports were always "perfect" the Commission stated.

"We have discovered that the State of Texas is much more vigorous in reviewing cost reports than Medicare," notes John Peterson, CPA, the founder of Peterson & Peterson, P.C. The methodology is important because it determines the rates of pay to Agencies.

"Our methodology was developed from our study of costs and how they related to revenue generated by the agencies," explained Peterson. Without accurate cost allocation, the State cannot maintain meaningful historical cost data in order to determine rates of pay.

Peterson & Peterson, P.C. is a CPA firm that works with health care providers. The firm prepares cost reports, tax returns and outsourced accounting for health care providers around the country.

If you would like further information contact John Peterson, CPA at 832-237-1040.

http://www.petersonandpeterson.com

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