U.S. Department of Health and Human Services (HHS) Grants Revenue Cycle Audit
Tracks
Revenue Cycle & Health Plans
Accounting
Auditing
Specialized Knowledge
| Thursday, September 12, 2024 |
| 2:20 PM - 3:10 PM |
Speaker
Jin Yeong Jeon
University Of Southern California
U.S. Department of Health and Human Services (HHS) Grants Revenue Cycle Audit
Session Synopsis
The U.S. Department of Health and Human Services (HHS) is the U.S. government's principal agency for protecting the health of all Americans and providing essential human services, especially for those who are least able to help themselves. The mission of HHS is to enhance the health and well-being of Americans by providing for effective health and human services and by fostering sound, sustained advances in the sciences underlying medicine, public health, and social services.
HHS offers a wide variety of grants by each HHS grant-making agency that healthcare providers can often benefit from. Common grants are from (but not limited to) Administration for Children and Families (ACF), Agency for Healthcare Research and Quality (AHRQ), Agency for Toxic Substances and Disease Registry (ATSDR), Health Resources and Services Administration (HRSA), Indian Health Service (IHS), National Institutes of Health (NIH), etc.
External auditors perform the Federal Single Audits annually for a mixture of major and minor grants based on the risk assessment criteria. As the results of the Federal Single Audits can impact the future funding from the grant-making agency, internal auditors can perform a grants revenue cycle audit to assess the healthcare providers' preparedness for the annual Federal Single Audits.
Additionally, as the Federal Single Audits by external auditors will not cover all HHS grants the healthcare providers receive each year, internal auditors can perform a grants revenue cycle audit to assess the healthcare providers' preparedness for the grant-making agency's own audits as well.
HHS offers a wide variety of grants by each HHS grant-making agency that healthcare providers can often benefit from. Common grants are from (but not limited to) Administration for Children and Families (ACF), Agency for Healthcare Research and Quality (AHRQ), Agency for Toxic Substances and Disease Registry (ATSDR), Health Resources and Services Administration (HRSA), Indian Health Service (IHS), National Institutes of Health (NIH), etc.
External auditors perform the Federal Single Audits annually for a mixture of major and minor grants based on the risk assessment criteria. As the results of the Federal Single Audits can impact the future funding from the grant-making agency, internal auditors can perform a grants revenue cycle audit to assess the healthcare providers' preparedness for the annual Federal Single Audits.
Additionally, as the Federal Single Audits by external auditors will not cover all HHS grants the healthcare providers receive each year, internal auditors can perform a grants revenue cycle audit to assess the healthcare providers' preparedness for the grant-making agency's own audits as well.
Biography
Jin Yeong Jeon is the Senior Internal Auditor of Audit Services at the University of Southern California, where she serves for the internal audit function of USC Health System. She is a Certified Public Accountant. Prior to joining USC in June 2022, Jin was the Experienced Audit Manager at BDO, responsible for developing data analytics tools and training materials for the company’s release to all US based offices and also serving clients in state and local government industry including the largest governmental pension and OPEB plans in the country and healthcare industry including governmental hospitals. She has extensive experience performing audits in accordance with Government Auditing Standards (GASB) and the Federal Uniform Guidance. Jin served as one of the audit quality leaders and as a national instructor at BDO professional development conferences.
