Home Health Medicare Cost Report Submission

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Medicare Cost Report Preparation - All States

Thank you for your interest in our Medicare Cost Report services. To begin the cost report preparation, please send your facility and contact information by selecting the blue box below.

Upon receipt of your facility and contact information, we will send a follow-up email requesting additional information needed to prepare your cost report and our cost report prices.

Please note that cost reports are due on or before the last day of the fifth month following the end of the cost reporting period.

We prepare cost reports for the following types of facilities: Home Health Agencies, Hospice Facilities, Renal Dialysis Centers, Federally Qualified Health Centers, Rural Health Clinics, Skilled Nursing Facilities, and Mental Health Clinics. If you have any questions, please do not hesitate to call us at 786-372-1155

CMS allows filing a low utilization cost report for facilities with Medicare revenues of $200,000 or less in the reporting period; for facilities with revenues over $200,000, only a full cost report is accepted. If no services were provided to Medicare patients in the reporting period, a non-utilization cost report must be submitted to keep the Medicare license active. For more information or any questions, please don’t hesitate to contact us today.

CMS accepts or rejects Medicare cost reports no later than thirty days after receiving them in the mail or less than seven days if submitted electronically. If the cost report is not submitted correctly on or before the due date, Medicare will stop all future payments until an accurate cost report is submitted. With over 30 years of experience in cost reporting, we have the knowledge and expertise to complete the job on time, minimizing rejection risk and ensuring your Medicare income.

Our Medicare Cost Report Service Includes

Analysis and adjustments of accounting records to ensure compliance with CMS cost reporting regulations.

To be E-File or sent by mail to CMS, the following

Certified Public Accountant cover letter to CMS.
Electronic cost report submission files.
Medicare cost report certification page.
Financial Statements (Profit & Loss, Balance Sheet, Trial Balance).

Instructions to check online the cost report status on CMS.

Answer any CMS question that arise during the cost report review.

For your company records the following:

E-File or USPS tracking confirmation of cost report submission to CMS.
Copy of Provider Statistical & Reimbursement (PS&R).
Copy of the electronic Cost Report and Questionnaire.
Copy of Financial Statements (Profit & Loss, Balance Sheet, Trial Balance).
Copy of Certified Public Accountant cover letter to CMS.
Projected Budgets for three years to comply with Medicare Standard 484 (i)(1).

Medicare Cost Report Preparation