Preparation of Medicare & Medicaid Cost Reports
Cost Report preparation can be a frustrating and time consuming process for even the largest agencies. Miranda M. Williams, LLC has over 10 years of experience and has successfully filed hundreds of Cost Reports. Our clients range from small independently owned agencies to large nationwide corporate chains.
What is the purpose of filing a Cost Report?
If you are asking yourself "Why do I need to file?" you aren't alone. Both Medicare and Medicaid Cost Reports are used to determine costs of providing care in specific demographic areas. This information is used to adjust the National reimbursement rate for future services. Basically, reporting costs each year, determines what agencies will be reimbursed in the future.