Oftentimes, senior living and long-term care (LTC) facilities think of cost reports as an exercise in compliance. But it can be more! Your Medicare cost report is your voice to policymakers, and it impacts current and future payment policies.
Together with your internal team, healthcare payment strategy consultants can explore opportunities to enhance reimbursement, while preparing and/or reviewing your cost reports and other payer arrangements. It is critical with the changes being enacted at the Federal and State level that all your costs are being reviewed for accuracy and proper cost reporting. Healthcare payment strategy consultants can help you develop customized strategies to maximize payments through:
- State Medicaid consulting
- Medicare bad debt consulting
- Medicare and Medicaid cost reporting
Eide Bailly’s healthcare payment strategy consultants are continuously monitoring the latest Medicare and state-specific Medicaid reimbursement regulatory reforms and trends to keep clients abreast of emerging issues. Former CFOs, reimbursement directors and revenue cycle personnel make up our team.
Accuracy of cost reporting is critical, so our team conducts reviews in a thorough, two-step process. We also offer sustainable solutions with our train-the-trainer approach. We’ll keep you informed so you can impact national and state policies.
What inspires you, inspires us. Let’s talk.