Why does the Department require assets sufficient to cover 90 days of CCP operating expenses?
The Department requires assets sufficient to cover 90 days of CCP operating expenses as a reasonable business precaution to ensure continuity in the delivery of service in the case of payment delays. A provider agency must be able to continue in business, meeting all rule requirements, between the time CCP services are initially provided and the time reimbursement is received from the Illinois Comptroller. It could potentially take 90 calendar days or more for a payment cycle depending on fund availability in the State Treasury. Understanding the payment cycle is a matter of particular importance to new provider agencies that, for an initial period, will have no State reimbursement to cover required expenditures.
