Hospice Cost Reporting

Unmatched Expertise: With over 50 years of experience, we understand the intricacies of hospice cost reporting.
Accuracy Focused: We meticulously report expenses by level of care to determine precise cost per day.
Time-Saving Solution: Let our experts handle the complex and time-consuming task of cost report preparation.
Regulatory Compliance: Stay up-to-date with evolving CMS requirements.

Staffing Expense Allocation: We help hospices accurately break out staffing expenses by level of care, which is the biggest issue faced in hospice cost reporting.
Physician Services Cost Allocation: Expertly determine administrative vs. direct costs for physician services, a significant challenge for many hospices.
Level of Care Expense Reporting: Accurately report expenses by level of care for precise cost-per-day calculations, which CMS uses to determine reimbursement.
Regulatory Knowledge: We provide expertise in regulatory requirements and acceptable allocation methodologies specific to hospice care.
Comprehensive Documentation: We ensure you have all the necessary supporting documentation for your cost report.

Bundle Our Services for Comprehensive Support

Maximize your hospice’s efficiency and compliance by bundling our cost reporting services with:

Hospice Cap Management

Stay compliant with Medicare’s aggregate cap requirements.

: Accurate cost reporting is crucial because CMS uses this data to determine reimbursement rates for different levels of hospice care. Inaccurate reporting can lead to reduced reimbursement rates and potential compliance issues.
: Medicare-certified hospices are required to submit cost reports annually.
: Yes, we offer hospice cap management services and can integrate this with your cost reporting to ensure comprehensive compliance and financial management.
: Our team has extensive experience in hospice operations and understands the nuances of allocating expenses across different levels of care. We work closely with your team to ensure all costs, including staffing and physician services, are accurately categorized and reported.
: Yes, we help hospices capture and report the actual costs of telehealth services, including clinical salaries, benefits, and equipment expenses, to ensure accurate representation for future reimbursement considerations.