Medicare Cost Report Preparation
Medicare cost report preparation is a complex, ever-changing and exacting legal obligation. Since both compliance and accuracy in Medicare cost reporting are key to uninterrupted and maximized CMS reimbursements, it is of crucial importance to the financial health of your organization. L. Beardsley CPA, Inc. is one of the largest and oldest dedicated providers of Medicare reimbursement and cost report services in the nation (we provide Medicare Cost Reports for all 50 States and territories). With over 25 years of Medicare cost reporting experience, our team has the expertise that you need to turn your Medicare cost report preparation into a seamless and inexpensive opportunity to optimize your revenue.
Why rely on us for your Medicare cost report preparation
Misfiling Medicare cost reports can be very costly (suspended payments or missed reimbursement), so is the filing of the cost report itself. The Centers for Medicare and Medicaid Services (CMS) estimates that an average of over 200 hours of research and compilation work is required to answer each of the Medicare cost report questions.
With thousands of cost reports filed since its inception in the 1980’s, the L. Beardsley CPA team has acquired a deep understanding of the Medicare cost reporting process and developed cost-effective methodologies to facilitate the compilation and filing of Medicare cost reports (notably our checklists). Our staff members attend regular trainings in the preparation of all CMS cost reports to ensure they stay abreast of changes in reporting requirements. Beyond CMS regulations, our staff is trained in current best practice for the handling of confidential patient or financial information. (Our website features a unique secure File Cabinet system through which confidential information exchanged with our clients is transferred or stored securely, in compliance with Federal and state laws). Our CPA’s and staff have years of Medicare cost reporting experience and healthcare accounting practice. Each one of our Medicare cost report clients is assigned a dedicated cost report preparer.
We have the means to address your Medicare cost report needs and related issues; in addition to expertise, seniority and technical excellence, it is our dedication to our clients and straightforwardness in a complex industry that make us one of the most successful CPA firms dedicated to healthcare accounting in the country.
Please call today to discuss how we may help you with your Medicare cost reporting needs at (817) 469-6800
Medicare cost reports provided:
L. Beardsley CPA, Inc. files Medicare cost reports for a wide range of healthcare providers throughout the United-States and its territories. Included are:
- Hospital Cost Report
- Nursing Home Cost Report / Skilled Nursing Facility Cost Report (SNF)
- Home Health Cost Report (HHA)
- Hospice Cost Report
- Rural Health Clinic Cost Report (RHC)
- Federally Qualified Health Center Cost Report (FQHC)
- Community Mental Health Clinic Cost Report (CMHC)
- Central Office Cost Report
L. Beardsley CPA, Inc. also provides Medicare cost report services to other CPA’s and Healthcare consulting organizations. Call us today at (817) 469-6800 if you wish to become a reseller of our Medicare cost report preparation services.
Flat Medicare cost report Pricing
Our prices are transparent, flat, all-inclusive and among the lowest in the industry. No hidden fees. No hidden costs.
Medicare cost report preparation deliverables
Once done, your Medicare cost report is uploaded in the secure File Cabinet section of our website where it will remain available 24/7 for you and the other authorized users of our system within your organization.
The original of your Medicare cost report and electronic file on a CD is then mailed to you for signature and to be sent to your fiscal intermediary.
We also prepare your “Crosswalk” which ties your books to the cost report and provides an audit trail.
We will communicate with Medicare at any time regarding the report if this proves necessary.
Optional Medicare cost report preparation services
As an alternative to, or in addition to the preparation of your Medicare Cost Report, L.Beardsley CPA, Inc., offers the following services:
- Review of client in-house Medicare cost report to identify potential issues or missed reimbursement opportunities, and to offer recommendations for optimizing future Medicare cost preparations.
- Medicare cost report defense or re-opening. L. Beardsley CPA, Inc. can help you review, appeal and revise your Medicare cost reports to help you recover what you are owed.
Medicare cost report checklists/forms
Our Medicare Cost Report instructions and forms are one of the means we use to save you time and streamline the Medicare Cost Reporting process. Our Medicare cost report submission checklists are updated regularily to reflect changes in regulations.
Nursing Home Medicare Cost Report
Nursing Home Medicare and Medi-Cal Cost Report
Home Health Medicare Cost Report
Home Health Medicare - Low Utilization
Medicare cost report preparation recommendations
Start as soon as possible, and file your Medicare cost report early to help avoid any Medicare payment suspension. Starting early will provide time to solve any issue before the due date, should your Medicare cost report be rejected for an unforeseen reason (beyond our control).
Use our Checklists to compile the necessary information and documents; build a conservative timeline, and assign tasks.
Include all information from the checklist.
Medicare Cost Report FAQ's
Lawrence J. Beardsley CPA Inc. also provides Medicaid cost report preparation services and Medi-Cal cost report preparation services.