A Detailed Guide On Cost Reports Medicare
Cost reports are essentially written reports by healthcare providers that inform Medicare about their claims as well as charges for services they provide to Medicare beneficiaries. Cost reports Medicare are used to review the cost reports to make payments and to make future payment determinations by the CMS. The key types of Medicare cost reports include:: 1. Hospital Cost Report: This is based on the use of historical data on the operating costs, cost of capital, and charges made by the hospitals to the patients. 2. Skilled Nursing Facility (SNF) Cost Report: Used by skilled nursing facilities to provide information and commentary on their costs and charges. 3. Home Health Agency (HHA) Cost Report: Such reports are used by home health agencies to report their cost of delivering home health services. 4. Hospice Cost Report: Employed in connection with costs of hospice care services rendered in end-of-life circumstances. 5. Rural Health Clinic (RHC) and Federally Qualified Health Ce...