The PFA Podcast: Proof of Financial Ability to Operate

Change in Ownership (CHOW)

Whether you're acquiring a home health agency, a healthcare clinic, or any other healthcare business in Florida, you'll encounter special rules and documentation requirements set by the Agency for Health Care Administration (AHCA). A Change of Ownership is more than just a transfer of ownership. It is an event where the licensee sells or transfers ownership, involving changes in FEIN or TIN, or when over 51% of ownership is transferred. Check out Sandy's website: www.ahca.cpa [https://www.ahca.cpa/] Learn more about AHCA by checking out Sandy's YouTube playlist: https://www.youtube.com/playlist?list=PL79Dc3ePjsBcrWLjL2AUZBOYNj1I5gUD6 [https://www.youtube.com/playlist?list=PL79Dc3ePjsBcrWLjL2AUZBOYNj1I5gUD6]

Introduction to the Proof of Financial Ability to Operate

The Proof of Financial Ability to Operate (PFA) form serves as a method for healthcare applicants seeking licensure to demonstrate that there is a financial plan to maintain financial stability to ensure the delivery of healthcare services, equipment and products to the residents of Florida. In this episode, Sandy Lenner will introduce some of the accounting requirements and the intricacies outlined in the instructions, including the critical ten-day rule that often catches applicants off. Listen as Sandy makes you aware of five common pitfalls of often encountered when preparing the PFA, from salary considerations to administrative FTEs, accounts receivable challenges, financial schedule matching problems, and one oversight that is simple to avoid, but is often overlooked. Check out Sandy's website: www.ahca.cpa [https://www.ahca.cpa] Learn more about AHCA by checking out Sandy's YouTube playlist: https://www.youtube.com/playlist?list=PL79Dc3ePjsBcrWLjL2AUZBOYNj1I5gUD6 [https://www.youtube.com/playlist?list=PL79Dc3ePjsBcrWLjL2AUZBOYNj1I5gUD6] Leave a message using the link below here and Sandy will contact you in 24 hours: https://share.hsforms.com/1vFFe48gISjiBy5mQP4TcPA8nzrp [https://share.hsforms.com/1vFFe48gISjiBy5mQP4TcPA8nzrp]