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Medicare Cost Reports – home health cost report and hospice cost reports

4 years ago · by · Comments Off on Critical Access Hospitals

Critical Access Hospitals

How can Paisley & Elm Untangle your Medicare Cost Report:

  1. Rejections are close to 10% of all filed cost reports – Paisley & Elm has never had a rejected cost report in 22 years.
  2. A large percentage of filed cost reports are inaccurate – Paisley & Elm completes continuing education on cost report preparation to insure the accuracy of the reports.
  3. Most cost reports filed use incorrect data – Paisley & Elm reviews the information to isolate any inconsistencies.
  4. Bad decisions can be made by Management on incorrect cost report data – At Paisley & Elm part of the process is to identify errors in the data.
  5. Future rates are set on Filed Medicare Cost Report Data – Paisley & Elm reviews the cost report to make sure that all allowable Medicare costs are included accurately in the cost data.

Outsource your Medicare Cost Reporting to Paisley & Elm.

Due Date: Medicare Cost Reports are due 5 months after the end of the fiscal period, or the cut off period determined by the MAC for Change of Ownership or for a Terminated Provider.

Purpose of Report: The Critical Access Hospital Medicare Cost Report is designed to report to Medicare the allowable Medicare cost for Inpatient Routine Services, Ancillary Services and Outpatient Services. Medicare Cost Report also reimburses for Bad Debt Expenses, but is reducing the rate of reimbursement for future periods.

Type of Report: The Medicare Cost Report for Critical Access Hospitals is the 2552-10.

Experience

The staff at Paisley & Elm has over 22 years of Experience filing Medicare Hospice Cost Reports. The staff at Paisley & Elm have filed approximately 3,000 Medicare Cost Reports have been filed and accepted by the different MACs over the 22 year period, without any Cost Report Rejections from the Medicare Cost Report Audit Department.

Relevant Issues

Information gained through the Analysis of the Critical Access Hospital Medicare Cost Report #2552-10:

  • Cost To Charge Ratios
  • Bad Debt Reimbursement
  • Cost Per Diem (Allowable)
  • Method II Billing
  • Analysis of All Payment Sources

Read more

Get more information on Cost Report filing

Call us today

Joseph Kenny, CPA, CMA
312-203-1771

Address

Joseph Kenny, CPA, CMA
Paisley & Elm, LLC
1111 Ridge Ave
Evanston, Illinois 60202
Cellular 312-203-1771
Fax 312-275-7967

Contact details

E-mail address:
jkenny@medcostreports.com

312-203-1771

To get more information on Cost Report filing
Joseph Kenny, CPA, CMA