Medicare Cost Reporting
Medicare Cost Reports are used to report expenses for different types of Medicare reimbursable facilities, such as Skilled Nursing Homes (SNFs), Home Health Agencies (HHAs), Home Offices, Hospices, Rural Health Clinics (RHCs), Federally Qualified Health Centers (FQHCs), and hospitals. Every facility must complete and file a cost report on a yearly basis, with some extenuating circumstances requiring more frequent cost reports. CMS, the United States government organization in charge of Medicare, regulates the specific requirements for these reports.
Misfiling Medicare cost reports can be very costly, so is the filing of the cost report itself. The Centers for Medicare and Medicaid Services (CMS) estimates that an average of 10% of all cost reports are misfiled each year.
With thousands of cost reports filed in 27 years, the Paisley & Elm team has acquired a deep understanding of the Medicare cost reporting process and developed cost-effective methodologies to facilitate the compilation and filing of Medicare cost reports. Our staff members are up to date with the preparation of all CMS cost reports to ensure they stay ahead of changes in reporting requirements. Beyond CMS regulations, our staff is trained in current best practice for the handling of confidential patient or financial information. Our staff has years of Medicare cost reporting experience.
We have the means to help you with your Medicare cost report needs and related issues; in addition to expertise and technical knowledge, it is our dedication to our clients in a complex industry that make us one of the most successful CPA firms dedicated to Medicare Cost Reporting preparation.
Please call us today to talk about how we can help with your Medicare Cost Reporting needs at 312-203-1771