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Calculating Eligible Expenses and Lost Revenue: Can a Reporting Entity use a different lost revenues methodology for each reporting period?

Can a Reporting Entity use a different lost revenues methodology for each reporting period?

Yes. However, it is important to note that due to the overlapping periods of availability, each time a Reporting Entity changes the method used to calculate lost revenues, the system will recalculate total lost revenues for the entire period of availability. It is important to note that due to the overlapping periods of availability, if a Reporting Entity changes the method used to calculate lost revenues, the system will recalculate total lost revenues for the entire period of availability, which may impact the previously reported unreimbursed lost revenues. The system will also require that the Reporting Entity submit a written justification to support and explain the change in lost revenues methodology. Please refer to the Post-Payment Notice of Reporting Requirements (PDF - 344 KB) for information on the three available methodologies for calculating lost revenues.

(Added 1/27/2022)

Calculating Eligible Expenses and Lost Revenue
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