Welcome to Medicare Cost Report Talk! Medicare Cost Reports can be like the famous line from the movie Forrest Gump: “Life is like a box of chocolates, you never know what you’re going to get.” Until now! We’re starting this blog to share cost report tips to help you learn more about this complex document, and maybe save you some time in the process.
The Medicare cost report is a required filing for any facility that treats Medicare patients. Each “provider type” (e.g., hospital, nursing home, rural health clinic, home health agency, etc.) has its own specific report. The report contains information such as facility characteristics, utilization, costs and charges.
The instructions for completing each type of report are complex. They are available on the Centers for Medicare and Medicaid Services (CMS) website:
If a provider did not furnish any covered services to Medicare beneficiaries or had low Medicare utilization, a full cost report need not be filed (Pub 15-2, §110).
In future weeks, we will delve more deeply into the cost report and its instructions and hopefully you can learn something new.
Questions? Please contact Marie White at 612.253.6546 or email@example.com.