S.D. Admin. R. 67:16:34:04

Current through Register Vol. 51, page 54, October 28, 2024

Section 67:16:34:04 - Required financial records

Providers must maintain an accounting system pursuant to generally accepted accounting practices which enables the provider to clearly identify the cost of services and other expenses of operation. Financial documentation includes the following:

(1) Purchase invoices;

(2) Accounting records such as payroll ledgers, canceled checks, and bank deposit slips;

(3) Contracts for supplies and services which relate to the provider's costs and charges for health care billed to the department;

(4) Evidence of the provider's usual and customary charge; and

(5) Evidence of claims, payments, or settlements made to other third-party health care payers.

S.D. Admin. R. 67:16:34:04

17 SDR 4, effective 7/16/1990.

General Authority: SDCL 28-6-1.

Law Implemented: SDCL 28-6-1.

Accounting principles, § 20:37:11:08.