The Florida Agency for Health Care Administration (AHCA) and the Florida Statutes require that the AHCA Proof of Financial Ability to Operate must accompany any initial or change of ownership application for certain types of health care providers. The Proof of Financial Ability to Operate shows the anticipated provider revenue and expenditures, the basis for financing anticipated cash-flow requirements of the provider and an applicant’s access to contingency financing.
All schedules must be prepared in accordance with generally accepted accounting principles (GAAP). A Certified Public Accountant(CPA) must compile, examine, or apply agreed-upon procedures to prospective financial statements, including summaries of significant assumptions and accounting policies.