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 it takes the MAC to receive and then accept the cost report. Some facilities find that their information takes time to process, so don’t wait for the last minute!
There are advantages to filing early, as well.
For more information on when your cost report is due, penalties for late filing, and advantages for filing early, check out our blog on due dates.