Importance of Cost Basis on the B-1 (2552-10) of the Medicare/Medicaid Cost Reports
The A-series worksheets identify the costs your facility is prepared to report on the Medicare and Medicaid cost reports. First, we start with the trial balance (A), continue to reclassification (A-6), detailing (A-7), and then go to adjustments (A-8/A-8-2). What happens next? At this point …
Read MoreMedicare and Medicaid Cost Report Software – Necessary Edits!
Edits are checks to verify that the data you entered into your Medicare cost report software is accurate. While there are a number of edits provided depending on the provider (first-level edits are mandatory), I would like to highlight some of the important Skilled Nursing …
Read MoreMedicare and Medicaid Cost Report Software – Electronic Cost Report (ECR)
You may have heard of electronic cost report (ECR) files when filing your Medicare or Medicaid cost reports. The ECR file is created automatically by your cost report software. The file is broken down into record types, and each record type contains a record that …
Read MoreReduction in Medicare Bad Debt for Skilled Nursing Facilities (SNF) and Critical Access Hospitals (CAH)
Section 3201 of The Middle Class Tax Extension and Job Creation Act of 2012 requires reductions in bad debt reimbursement to all providers, supplies and other entities eligible to receive bad debt reimbursement. This will especially affect Skilled Nursing Facilities and Critical Access Hospitals. The …
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