What is the significance of "Reporting Year?"
The activity data that is reported by providers is aggregated and published as an Annual Report. The “reporting year” indicates in which Annual Report the activity belongs. Most providers operate on a calendar year basis, and for these providers the reporting year is equivalent to the year of the activity date. For instance, if the activity date is September 1, 2020 the reporting year would also be 2020.
However, certain providers, such as some hospitals and medical schools, operate on an academic or fiscal year calendar, and may need to pay special attention to the “reporting year” field for each activity they enter. For instance, if a provider reports on an academic year from July to June, then a Regularly Scheduled Series that begins July 1, 2019 and ends June 1, 2020, the activity date would be July 1, 2019, and the reporting year would be 2020.