Demystifying the Medicare Cost Reporting Life-Cycle (F)

The Medicare cost report may seem to be a mere vestige from long-retired, “cost-based” reimbursement, but CMS takes it seriously. In fact, it serves as the basis for ongoing assessment of the SNF payment system.  Failure to file a timely & accurate report, and manage the ensuing administrative review process, can impact a SNF’s revenue and pose a significant compliance risk.  The cost reporting process follows a seasonal cycle of preparation, submission, audit, response and finalization.  This session will review the cycle in detail and explain how to minimize the provider burden associated with the annual filing.