Cash Management

The advantage of cash managment. 1. Idle cash is invested in Money Market funds on a daily basis in order to maximize interest revenues. 2. Able to obtain exceptional pricing from M&T Bank for banking services due to the balances and volume of activity for the Practice Plan as a whole. 3.Eliminates duplication of efforts in managing cash in that all activities are centralized and performed by one individual. 4.Future activities will include the opportunity for Practice Plan's to invest in longer-term vehicles with higher returns as recommended by the UBA Board of Directors to the FPMP Governing Board.

Compliance

This compliance website was designed to equip our faculty practice plan physicians and employees with a variety of compliance-related information and document templates. We encourage you to use the resources contained within this website to implement training programs tailored specifically to the needs of your practice plan organization.

Great Plains

Requires All Practice Plan corporations use the Great Plains Dynamics Accounting System, and utilize a standard Chart of Accounts. The objectives are 1. Compliance with Article XVI of the Policies of the SUNY Board of Trustees, which requires the use of a centralized accounting system. 2.Economies of scale/sharing of resources. 3. Internal support personnel knowledgable about PPC activities and in-depth knowledge of the software package. 4. Development of consistent accounting policies and Chart of Accounts

 

HIPAA

The Health Insurance Portability and Accountability Act of 1996, more commonly known as HIPAA has a significant impact to the UB Faculty Practice Management Plan (UB FPMP).