Home » Services Offered » Medicare Cost Reports
writing a business plan for home health care, why do i need an accountant for my small business, why do i need an accountant, when to hire an accountant for a small business, what does a cpa charge per hour, understanding cash flow statement, understand cash flow statement, tu contador en miami, top cpa firms in miami, the outsourced accountant, taxes en miami, tax services miami fl, tax services, tax preparation miami, tax preparation, tax planning, tax miami, tax firm miami, tax filing miami, tax en miami, tax cpa, tax consultants, tax accounting miami, tax accountants near my location, tax accountant near me, tax accountant miami, tax accountant florida, tax accountant, talk to an accountant , start up costs on balance sheet, start up costs capitalized, start up cost capitalization, start up business accountant, start home health agency business, small cpa firms near me, small business tax preparation south florida, small business tax preparation near me, small business tax cpa, small business tax accountants, small business tax accountant near me, small business set up accountant, small business cpa services, small business cpa near me, small business cpa, small business accounting services near me, small business accounting professionals, small business accounting miami, small business accounting firms, small business accounting, small business accountant near me, small business accountant miami, small accounting firms near me, s corp accounting, reviewed financial statements, quality accounting and tax service, public accounting, public accountant near me, profit & loss statement, professional financial statements, professional accounting and tax, physician accounting services, physician accountant, pharmacy accounting services, pharmacy accountant, personal cpa, payroll and bookkeeping services near me, p&l miami, p&l accounting & tax services, organizational costs gaap, new business startup accountants, need accounting help, need accountant for small business, miami tax services, miami tax preparation, miami tax expert, miami pro tax and accounting, miami cpa firms, miami cpa, miami bookkeeping services, miami bookkeeping, miami bookkeepers services, miami bookkeepers, miami accounting firm, miami accounting, miami accountants, miami accountant, medicare cost report preparation, medicare cost report for home health agency, looking for accounting services, looking for a good tax accountant, local business accountants, llc and s corp differences, la contabilidad, income tax miami, income tax accountant in miami, income tax accountant, how to read a cash flow statement, how to read balance sheet, how to find the best accountant, how to find an accountant for small business, how to find an accountant, how to find a tax accountant, how to find a new accountant, how to find a good tax accountant, how to find a good cpa, how to find a good accountant, how to choose a tax accountant, how much does a cpa charge per hour, how much cpa charge per hour, how do you find a good accountant, how do i find a good accountant, how can a cpa help a small business, home health care services business plan, home health care business plan, home health care agency business plan, home health business plan, home health agency business plan, hiring an accountant for small business, hire a cpa, hire a business cpa, hha business plan & proof of financial ability to operate, healthcare tax accountant, healthcare accounting services, healthcare accounting companies miami, healthcare accountants, health care licensing application proof of financial ability to operate, health care agency business plan, good tax accountants near me, good accountant, gaap organizational costs, finding a good cpa, finding a cpa for small business, find a tax accountant, find a personal accountant, financial statements, financial accounting, does a small business need an accountant, do you need an accountant for small business, do i need an accountants or cpa, difference between s corp and llc, difference between llc and s corporation, difference between llc and s corp, difference between llc and corp, despachos de contadores en miami, despachos de contadores, despachos de contabilidad en miami, despachos contables en miami, despachos contables, declaracion de impuestos, cpa near me for small business, cpa miami florida, cpa miami fl, cpa miami, cpa in miami, cpa firms in miami florida, cpa firms in miami, cpa firm miami, cpa firm, cpa charge per hour, cpa certified professional accountant, cpa accounting, cpa, cost report preparation, cost report medicare, corporate tax, contadores publicos cerca de mi, contadores miami, contadores en miami, contadores cerca de mi, contadores, contador publico en miami, contador publico , contador publico near me, contador publico cerca de mi, contador miami florida, contador miami, contador en miami, contador accountants, contador, contabilidad financiera, condominium association audit, condo association audits, compiled financial statements, compare llc and s corp, companias de contabilidad en miami, cloud accounting miami, certified public accounting firm, certified public accountants, certified public accountant services, certified accountant, capitalizing start up costs, capitalized start up costs, capitalization of startup costs, business plan for home health care, business plan for home care agency, business plan for a home health care agency, business financial accounting, business accounting firms, business accountants, business accountant in miami, business accountant, bookkeeping services miami fl, bookkeeping services in miami, bookkeeping services, bookkeeping professionals, bookkeeping miami, bookkeeping, bookkeeper services, bookkeeper miami, bookkeeper in miami, bookkeeper, best online accountants for small business, best cpa for small business, best business accountants, best accounting firms in miami, best accounting firms for small business, best accountants in miami , best accountant, basic bookkeeping services, basic accounting services, are startup costs capitalized or expensed for gaap, ahca proof of financial ability to operate form 3100-0009, ahca proof of financial ability to operate, ahca form 3100-0009, ahca form 3100, ahca cpa, accounting tax firms, accounting software miami, accounting services miami fl, accounting services miami, accounting services in miami, accounting services, accounting professional, accounting principles miami, accounting miami, accounting in miami, accounting firms miami, accounting firms in miami, accounting firms in florida, accounting firms, accounting firm, accounting and tax services, accounting and tax outsourcing, accounting and tax, accounting, accountants vs cpa, accountants near me, accountants in florida, accountants for small business owners near me, accountants, accountant to help start a business, accountant miami, accountant in miami, accountant for my small business, accountant firms near me, accountant, accountancy service, a public accountant

Medicare Cost Reports

Medicare Cost Reports

Medicare Cost Reports agency expenses and reports to CMS by discipline or administrative expensive which results in a total discipline cost per visit.

The Medicare cost report contains provider information such as facility characteristics, utilization data, cost and charges by cost center (in total and for Medicare), Medicare settlement data, and financial statement data. CMS maintains the cost report data in the Healthcare Provider Cost Reporting Information System (HCRIS). Medicare Cost Reports takes agency expenses and reports the by discipline or administrative expensive which results in a total discipline cost per visit.

Home Health Agency Medicare Cost Reports (aka AHCA Cost Reports) are required for all Home Health Agencies (HHA), Hospice, Hospitals, and Renal Facilities to file an annual Medicare Home Health Agency Cost Reports.

The AHCA Medicare Cost Reports takes annual financial information from your agency and reports expenses by discipline and by administrative expenses. The AHCA Medicare Cost Reports disallows certain expenses the report then allocates all administrative allowable expenses to the disciplines. This results in a total discipline cost that is allocated to the number of visits performed by discipline which determines a cost per visit by discipline.

This allows Medicare to determine by geographic area the Medicare expense for each diagnosis thus setting the HHRG amounts for payment of claims.

How is a Home Healthcare Agency Medicare Cost Reports Filed?

The first step to filing an accurate AHCA Medicare Cost Reports is to have accurate financial statements, which we prepare. The agency transactions for the year are summarized into financial statements, which include the income statement, balance sheet, and statement of cash flows. Medicare regulations will disallow certain transaction expenses and related party transactions to reduce the number of allowable expenses to be formally submitted to Medicare for the cost of services provided

Home Health Agency Accountants

As Home Health Agency Accountants we prepare AHCA Medicare Cost Reports for Federal/State programs administered through the State of Florida Agency for Health Care Administration (AHCA). Each provider participating in the Medicaid or Medicare program shall submit a uniform Cost Reports and related documents required by the Florida Title XIX Long-Term Care Reimbursement Plan (Plan). For AHCA Cost Reports periods ending on or after December 31, 2003, AHCA Cost Reports must be filed using “SEXTANT”, the October 2003 Electronic Cost Report (ECR); the October 2003 Chart of Accounts which we provide as Home Health Agency Accountants; and instructions provided by AHCA. Further, these AHCA Cost Reports must be filed within the timeframe specified in the Plan. All required schedules MUST be completed or marked N/A. Note that Schedules I, J and J-2 are only required for providers on cost or payback reimbursement.

The provider of the Medicare Cost Reports home office cost report must each stand-alone. Do not indicate, “see home office cost report” on any schedule in lieu of completing the schedule. All schedules must be completed with all applicable information each year. Do not reference a prior year report as containing the information requested in lieu of completing the schedule in the current year cost report.

The recognized AHCA Cost Reports will be determined by utilizing the accrual method of Home Health Agency accounting in accordance with generally accepted accounting principles (GAAP).

Home Health Agency Accounting

The Provider may prepare the Cost Reports internally. However, due to the complexity of the AHCA Cost Reports, not to mention your billing is at stake it’s highly recommended you hire a CPA Firm like Gustavo A Viera CPA who specializes in Home Health Agency Accounting.

 As Accountants we not only prepare and file your AHCA Cost Report, we can perform all the accounting, bookkeeping, and tax services associated work with the financial statements required to complete the AHCA Cost Reports. We specialize in Home Health Agencies and do all the work in-house.

 We prepare AHCA Medicare Cost Reports for:

  • Home Healthcare Agencies
  • Hospice Agencies
  • Skilled Nursing Facilities (SNF)
  • Renal Dialysis
  • Federally Qualified Health Center (FQHC)
  • Community Mental Health Centers (CMHC)
  • Physician Groups and Hospitals
  • Latest Reminder Notification from CMS

Accountants in Miami has been providing thorough and reliable Medicare Cost Reports Preparation services to Home Health Care Agencies (HHA), Assisted Living Facilities (ALF), Adult Day Care Centers (ADC), Skilled Nursing Facilities (SNF), Hospice Agencies, Renal Dialysis, Federally Qualified Health Center (FQHC), Community Mental Health Centers (CMHC), Physician Groups and Hospitals nationwide for over twenty-five years. Accountants in Miami has filed thousands of Medicare Cost Report Preparation; work with Healthcare providers to analyze costs per visit, revenue per visit, break-even points, comparing your Healthcare agency to national averages including nursing costs, therapy costs, administrative salaries, and net income. Each year Accountants in Miami files Medicare Cost Report Preparation for more than 100 clients nationwide. At Accountants in Miami, we understand the stress involved in properly filing Medicare Cost Report Preparation and the attention to detail that must be taken to ensure the job has been performed successfully. If your cost report is not filed correctly, Medicare will freeze future payments until the cost report is filed correctly. Mistakes are costly; Accountants in Miami has never had a misfiled cost report. As Accountants and we not only prepare and file your Medicare Cost Reports and Medicaid Cost Reports, we can perform all the accounting and bookkeeping services associated work with the annual financial statements required to complete the Medicare Cost Reports and Medicare Cost Reports. We do it all in-house.

Medicare Cost Report – Redesigned PS&R Access. CMS (Centers for Medicare and Medicaid Services) has implemented the new redesigned Provider Statistical and Reimbursement (PS&R) system. The new PS&R system is web-based and allows all users to access data specific to their organization. CMS will NO LONGER send hard copy PS&R reports. You must have a PS&R to file a cost report. Note the first step is to register for a user ID and password with IACS (Individuals Authorized to Access CMS Computer Services) involves 1) Registering via the website; 2) Accessing a previously sent email from [email protected]; 3) Send via US Certified mail copy of CP5-75, Letter 14C, Federal Tax Coupon 8109A or a copy on IRS letterhead, your business name, and tax ID. All letters must have the REQ number listed on top. Address to send: External User Services, PO Box 792-750, San Antonio, TX 78216 (Send via US Certified Mail) CMS Helpdesk: 866.484.8049, prompt 4. Note: This can take up to 30 days to process with CMS. Please call our office and we can assist you in the registration process. Medicare Cost Report Filing Schedule Medicare Cost Reports are generally due at the end of the fifth month after the end of the provider’s fiscal year. Listed is a guide to the “general rule” of Due Dates for Cost Reports to CMS: Fiscal Year End Date – January 31, 2010, Due to CMS June 30, 2010; Fiscal Year End Date – February 28, 2010, Due to CMS July 31, 2010; Fiscal Year End Date – March 31, 2010, Due to CMS August 31, 2010; Fiscal Year End Date – April 30, 2010, Due to CMS September 30, 2010; Fiscal Year End Date – May 31, 2010, Due to CMS October 31, 2010; Fiscal Year End Date – June 30, 2010, Due to CMS November 30, 2010; Fiscal Year End Date – July 31, 2010, Due to CMS December 31, 2010; Fiscal Year End Date – August 31, 2010, Due to CMS January 31, 2011; Fiscal Year End Date – September 30, 2010, Due to CMS February 28, 2011, Fiscal Year End Date – October 31, 2010, Due to CMS March 31, 2011; Fiscal Year End Date – November 30, 2010, Due to CMS April 30, 2011; Fiscal Year End Date – December 31, 2010, Due to CMS May 31, 2011. If you change your organizations’ Fiscal Year, you will have to file two cost reports to CMS within that year. Call us, we can help to communicate the fiscal year-end change to CMS and file the two reports to CMS. What Sets Us Apart From Others? When filing your cost reports attention to detail and efficiency should be the main focus points for properly completing your reports on time. The difference between Accountants in Miami and other cost report preparers is that we do all the accounting and analysis work during the year to ensure the accuracy of the information provided, so we can prepare a cost report to be filed correctly. This is to ensure that the report is prepared in compliance with Medicare and Medicaid rules and regulations, therefore filing a correct cost report. In addition, after repeatedly working with hundreds of clients for over 25 years we know what needs to be done to successfully complete the job and in a timely manner. What is a Medicare Cost Report? The Medicare cost report blends financial and clinical data into one report, which is reported to CMS (Centers for Medicare & Medicaid Services, www.cms.gov) on an annual basis. CMS is a United States federal agency that administers Medicare, Medicaid, and the Children’s Health Insurance Program. The Medicare Cost Report takes annual financial information from your agency and reports expenses by discipline and by administrative expenses. The Medicare Cost Report disallows certain expenses the report then allocates all administrative allowable expenses to the disciplines. This results in a total discipline cost that is allocated to the number of visits performed by discipline which determines a cost per visit by discipline. This allows Medicare to determine by geographic area the Medicare expense for each diagnosis thus setting the HHRG amounts for payment of claims. How are Medicare Cost Reports and Medicaid Cost Reports Filed? The first step to filing accurate Medicare Cost Reports and Medicaid Cost Reports is to have accurate financial statements, which we prepare. The agency transactions for the year are summarized into financial statements, which include the income statement, balance sheet, and statement of cash flows. Medicare regulations will disallow certain transaction expenses and related party transactions to reduce the number of allowable expenses to be formally submitted to Medicare for the cost of services provided. We work with you to custom design an accounting program to best meet your needs. FREE INITIAL CONSULTATION

Medicare Cost Reports

Medicare Cost Reports agency expenses and reports to CMS by discipline or administrative expensive which results in a total discipline cost per visit.
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
outsourcing accounting services, mergers & acquisitions, cash flow analysis , financial reporting, financial forecast , outsourced cfo, outsourced cfo services, cfo, software-as-a-service basis, accounting firm , miami accounting, miami accounting firm , fixed fee value pricing , small accounting firms, small accounting firms near , cpa firms, accounting, accounting firms, accounting firms near me, cpa, certified public accountants, certified public accountant, accountancy service, ahca, contador, ahca consulting, tax , accounting, accountants, accountant, accountants in miami

Accounting Firms Near Me

Accounting Firms Near Me Beat Big 4 Multi-National CPA Firms. Large firms are limited to Fortune 1000 clients, tasks are automated reducing billable hours.

Read More »
medicare cost reports, medicare cost reporting, medicare cost report preparation, medicare cost report payments, medicare cost report, medicaid cost reports, medicaid cost report, miami home healthcare accountants, miami healthcare accountants, miami health care accountants, home health agency cost report, healthcare accounting services, healthcare accounting service, healthcare accounting in miami, healthcare accounting firms, healthcare accounting, healthcare accountants services, healthcare accountants in miami, healthcare accountants, healthcare accountant, health care accounting service, health care accounting, health care accountant, healthcare accounting, home healthcare accounting, cpa, certified public accountants, certified public accountant, accountancy service, ahca, contador, ahca consulting, tax , accounting, accountants, accountant, accountants in miami

Home Healthcare Accounting

Home Healthcare Accounting Agencies Face Unique Accounting Challenge because of the level of detail your financials require to file a Medicare Cost Report

Read More »

Share Page

Close
Scroll to Top