The Financial Section is responsible for providing a variety of support services to all sections within MMAC. The Financial Section works with the Department of Social Services’ Financial and Administrative Services Section and the state Budget Director regarding budgetary control, budget preparation, appropriations, revenue accounts and federal financial responsibilities to ensure compliance with the Missouri Medicaid Title XIX Program.
The Financial Section is responsible for the procurement of all required supplies, materials, equipment and professional or general services. The Financial Section has charge of the Health Management Systems (HMS) Third Party Liability (TPL) contractor audits, as well as the Recovery Audit Contractor (RAC) program and internal compliance with outside assessment review of the Missouri Medicaid Title XIX Program.
The State of Missouri has two annual reviews of the Title XIX Program, for which the Financial Services Section is responsible. This section is also tasked with auditing managed care organizations and other providers and developing Medicaid fraud and abuse standards for managed care organizations.