Common Challenges in Medicare Cost Report Submission

Costreportcpa21 Jun, 2024Other

Though Medicare cost report submission is not rocket science, it encompasses several CMS rules and regulations that are quite complicated. While there is no avoiding Medicare Cost Reports, some tips help streamline the process and ensure your time is wisely spent. Medicare cost reports go through audits and reviews after being submitted to the federal carriers. It is critical to be aware of and prepared for such audits in order to avoid heavy penalties for inconsistencies or non-compliance.