QASP Financial Management

What is measured?

The various Financial Management QASP standards measured: accuracy of accounts receivable trend analysis; successful maintenance of benefits account; ability to receive cash collections of trust fund overpayments; compliance with financial reporting requirements; proper use of trust fund dollars; timeliness of initial and quarterly Corrective Action Plan (CAP) reports; effectiveness/implementation of corrective action plans; performance/results of the SSAE 18 audits; success of debt referral and collection procedures; accuracy of demand letters; success of recoupment and interest calculation processes; timeliness of intent to refer letters; success of treasury referrals; and timeliness of return to agency spreadsheet completion.

Performance Data

Fiscal Year

Average QASP Score

Low

Median

High

2015

96%

82%

100%

100%

2016

94%

52%

100%

100%

2017

95%

62%

100%

100%

2018

95%

43%

100%

100%

 

Trends and Observations

An overall steady trend can be observed from Fiscal Year 2015 – 2018. Specifically, there has been a decrease of 1 percentage point (1% decrease) since 2015. Every year at least one MAC was in 100% compliance.

Page Last Modified:
09/27/2019 11:44 AM