The 12/31/20 Medicare cost reports were due 8/2/21. Is your Medicare cost report late? That means that your funds are being withheld!
In order to restore your funds as soon as possible, you must submit your cost report. Once it is submitted, it can take up to thirty days for the MAC to accept it. Funds generally get released a few days after cost report acceptance.
Need help preparing your cost report? At PPS we have over thirty years of cost reporting experience and are happy to share our expertise with you! Contact us now for cost reporting assistance.
Disclaimer: This blog does not contain legal advice. What it does contain are our best
explanations, advice, and suggestions to help facilities and cost report preparers to understand the cost report forms and reporting process and offer suggestions for their preparation. Progressive Provider Services assumes no legal responsibility for the content of this blog, nor for cost reports or other reports prepared based on the content herein.