What is a PS&R ?

The Provider Statistical and Reimbursement System summary is commonly referred to as the PS&R. This document summarizes number of Medicare days or visits processed for dates of service of  the cost report period , the charges, gross Medicare reimbursement earned on those claims, coinsurance and deductibles deducted, and the net payments paid by Medicare . The PS&R is widely used by Medicare cost report preparers to input such information onto the Medicare cost report.