The significance of Medicare and Medicaid cost reports.
Medicare cost report preparation - As you may know, Medicare and Medicaid cost reports are utilized by healthcare officials to ascertain costs and reimbursement rates for any many PPS and cost-based services. In addition, the Medicare cost report may increase your revenue a few ways:
a. Medicare money owed. Cost sharing amounts tend to be (partially) reimbursable in the event the patient is indigent or even the account is uncollectible.
b. Direct Medical Education. DME could possibly cover the expense of one's interns/residents providing care to Medicare patients. Medicare and Medicaid cost report consulting
Medicare cost report services will help you identify regions of concern and Medicare and Medicaid cost report software will help you submit the cost report in the appropriate format. While often misunderstood, the price report still retains importance inside the PPS era.