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

Trends and Observations

An overall positive trend can be observed from Fiscal Year 2017 – 2019.  Specifically, there has been an increase of five percentage points (5% increase) since 2017. It is important to note that in FY 2019, every MAC earned 100% in Financial Management.