Cost Report Blog

What's a low utilization cost report and may I file one?

When May I File a Low Utilization Cost Report?

September 7, 2017

A low utilization cost report is an abbreviated version of the Medicare cost report. It typically includes several of the S series worksheets (statistical data) and the facility’s balance sheet and income statement, with requirements varying by facility and by MAC (intermediary). A low utilization cost report never requires an electronic file (flash drive, CD, etc.), … More When May I File a Low Utilization Cost Report?

Electronic Signatures – A New Era?

July 5, 2017

Exciting news! CMS has proposed a rule to allow electronic signatures on Medicare cost report signature pages. Anyone who has ever filed a cost report knows that it is often a hassle to get the signature page from your preparer, have it signed by the administrator or CFO of the facility in blue ink, … More Electronic Signatures – A New Era?

Medicare Cost Report Due Date Coming Up!

April 2, 2017

Just a friendly reminder that the due date for those Medicare cost reports is looming! For any facility which closes its books on December 31 (and that is most of them), cost reports will be due this year on May 31. Remember that filing late means withholding of all Medicare payments for as long as … More Medicare Cost Report Due Date Coming Up!

Need Your PS&R? Instructions!

February 15, 2017

Progressive Provider Services proudly presents instructions on how to register for and then download your PS&R report. Included helpful phone numbers, links, and contact information. Request PS&R Info Now!

New Medicare Cost Report version for SNF Software 2540-10 Transmittal 7 (T7) Approved by CMS

New SNF T7 Cost Report Software: CMS-Approved

November 30, 2016

We are excited to let you know that the Med-Calc SNF cost report software received the updated CMS approval for Transmittal 7. The T7 is the version that should be used for all cost reports BEGINNING 10/1/2015 and later. All references to ICF/ MR were changed to ICF / IID. The O series now replaces … More New SNF T7 Cost Report Software: CMS-Approved

New FQHC Cost Report? It Can Be Done - Checklist & Instructions

What do I Need for My FQHC Cost Report?

August 8, 2016

The FQHC Medicare cost report has been revamped. The new form for its filing is CMS Form 224-14. This requires a lot of new data collection, since the new cost report form (i.e., software) is significantly different from the old form. We prepared a handy checklist for FQHC cost report preparation, designed to streamline the process for … More What do I Need for My FQHC Cost Report?

Webinar Schedule for 2016 Cost Report Season

January 18, 2016

Gearing up for this year’s Medicare cost report season? So are we! Updated webinar schedule for the first part of 2016: https://www.ppsassistant.com/medicare-cost-report-webinars

Cost Reporting Information and Advice from the Experts