[Federal Register Volume 77, Number 171 (Tuesday, September 4, 2012)]
[Notices]
[Pages 53890-53891]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-21671]
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DEPARTMENT OF HEALTH AND HUMAN SERVICES
Centers for Medicare & Medicaid Services
[Document Identifier: CMS-906]
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Centers for Medicare & Medicaid Services, HHS.
In compliance with the requirement of section 3506(c)(2)(A) of the
Paperwork Reduction Act of 1995, the Centers for Medicare & Medicaid
Services (CMS) is publishing the following summary of proposed
collections for public comment. Interested persons are invited to send
[[Page 53891]]
comments regarding this burden estimate or any other aspect of this
collection of information, including any of the following subjects: (1)
The necessity and utility of the proposed information collection for
the proper performance of the agency's functions; (2) the accuracy of
the estimated burden; (3) ways to enhance the quality, utility, and
clarity of the information to be collected; and (4) the use of
automated collection techniques or other forms of information
technology to minimize the information collection burden.
1. Type of Information Collection Request: Revision of a currently
approved collection;
Title of Information Collection: The Fiscal Soundness Reporting
Requirements; Use: The Centers for Medicare and Medicaid Services (CMS)
is assigned responsibility for overseeing the on-going financial
performance for all Medicare Advantage Organizations (MAO),
Prescription Drug Plan (PDP) sponsors and Program of All-Inclusive Care
for the Elderly (PACE) organizations. Specifically, CMS needs the
requested collection of information to establish that contracting
entities within those programs maintain fiscally sound organizations.
The revised fiscal soundness reporting form combines MAO, PDP, 1876
Cost Plans, Demonstration Plans and PACE organizations. Entities
contracting in these programs currently submit all documentation being
requested. Specifically, all contracting organizations must submit
annual independently audited financial statements one time per year.
The MAOs with a net loss, a negative net worth or both must file three
quarterly statements. Currently there are approximately 44 MAOs filing
quarterly financial statements. The PDPs must also file three unaudited
quarterly financial statements. The PACE organizations are required to
file 3 quarterly financial statements for the first three years in the
program. Additionally, PACE organizations with a net loss, a negative
net worth or both must file statements as well.
The information collection request is being revised to include one
additional data element for PACE organizations only, Total Subordinated
Liabilities. The addition of the new data element will actually reduce
the time to analyze the financial standing of PACE organizations
because we will no longer have to contact the PACE organizations to
establish whether or not the organization's total liabilities
calculation includes subordinated debt. Form Number: CMS-906 (OCN:
0938-0469); Frequency: Annually, Quarterly; Affected Public: Private
Sector: Business or other for-profits and Not-for-profit institutions;
Number of Respondents: 648; Total Annual Responses: 1,281; Total Annual
Hours: 428. (For policy questions regarding this collection contact Joe
Esposito at 410-786-1129. For all other issues call 410-786-1326.)
To obtain copies of the supporting statement and any related forms
for the proposed paperwork collections referenced above, access CMS'
Web Site address at http://www.cms.hhs.gov/PaperworkReductionActof1995,
or Email your request, including your address, phone number, OMB
number, and CMS document identifier, to [email protected], or call
the Reports Clearance Office on (410) 786-1326.
In commenting on the proposed information collections please
reference the document identifier or OMB control number. To be assured
consideration, comments and recommendations must be submitted in one of
the following ways by November 5, 2012:
1. Electronically. You may submit your comments electronically to
http://www.regulations.gov. Follow the instructions for ``Comment or
Submission'' or ``More Search Options'' to find the information
collection document(s) accepting comments.
2. By regular mail. You may mail written comments to the following
address: CMS, Office of Strategic Operations and Regulatory Affairs,
Division of Regulations Development, Attention: CMS-R-284 (OCN 0938-
0345), Room C4-26-05, 7500 Security Boulevard, Baltimore, Maryland
21244-1850.
Dated: August 29, 2012.
Martique Jones,
Director, Regulations Development Group, Division B, Office of
Strategic Operations and Regulatory Affairs.
[FR Doc. 2012-21671 Filed 8-31-12; 8:45 am]
BILLING CODE 4120-01-P