It seems every time you watch the news or read a paper, there is something about health care fraud. In 2014, the federal government recovered nearly $5.7 billion in health care fraud cases, an increase of $1.9 billion from 2013. Health care fraud can take many forms, most commonly it involves the submission of improper claims. But there also the risk of financial fraud by overstating revenues or expenses. One way CMS tries to prevent this is to require the cost report be completed using data that is “current, accurate and . . . capable of being audited.” The worksheet series “G” includes a balance sheet and income statement and CMS indicates these should be consist with financial statements.
Ensure Worksheet G amounts can be reconciled to Financial Statements (Pub. 15-2, §Section 4040).
Further guidance can be found on the Centers for Medicare and Medicaid Services (CMS) website:
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