WOOD COUNTY HOSPITAL ASSOCIATION

2021-001 Material Weakness Criteria: As required by the Provider Relief Fund (PRF) General and Targeted Distribution Post-Payment Notice of Reporting Requirements issued on June 11, 2021, when referring to revenues from patient care for purposes of the calculation of lost revenues attributable to COVID-19 patient care should be reported net of contractual adjustments from all third-party payers, charity care adjustments, and bad debt. Additionally, lost revenue should be calculated for all entities included in the PRF reporting portal. Condition: The Association calculated lost revenue using gross revenue for Wood County Hospital only and did not include Wood County Women?s Care or Wood County Health in the lost revenue calculation. Questioned costs - $0 Effect: The Association was not in compliance with the reporting requirements for Provider Relief Funds. The Association does have sufficient expenditures and compliant lost revenues to recognize all funding received in the reporting period. Cause: The Association had misinterpreted the reporting guidelines and did not have adequate internal controls to detect the misreporting. Recommendation: It is recommended that the Association review their policies and procedures and implement additional policies to ensure the most recent guidelines are reviewed, understood, and complied with when reporting. Corrective Action Plan: Management is working on developing additional policies and procedures to ensure the most recent guidelines are reviewed, understood, and complied with when reporting. Additionally, management will correct the lost revenue reported in the next reporting window.