Cost Reporting
HELPING POST-ACUTE AND LONG-TERM CARE PROVIDERS ACCURATELY REPORT COSTS AND STAY COMPLIANT
Cost reporting is included in all our offered packages. This ensures that we have all your needed documents stored and ready for your use when the time comes. We no longer offer cost reporting as a standalone service.
We LOVE Cost Reporting, So You Don't Have To
Why Medicare Cost Reporting is Important?
Accurate cost reporting is essential to the financial health of not only your agencies, but also the industry as a whole, that’s why you need a dedicated team—one that knows the critical elements of the Medicare cost reports that you are required to complete and how to ensure your costs and expenses are accurately reported. We help by taking the burden of CMS compliance off your shoulders and make it easy for your agency to do their part in reflecting the TRUE operating costs of a long term care provider – because this is how CMS sets future payment rates.
Our All-Inclusive Approach
We remove the burden of completing complicated forms, schedules, and questionnaires off of you by doing that work for you. We ask for the source data so that we can compile the information for you.
Compliance and Accuracy
Our cost report experts review your trial balance to ensure all costs are recorded correctly with regards to CMS reporting regulations. We allocate your payroll to all proper cost centers, properly categorize non-allowable costs and ensure everything is accurately reflected on your cost report.
Save Time
We help you save your time and energy collecting month-to-month reports because we handle your monthly accounting and store the information to assist us at year-end.
Knight understands the unique reporting demands in the home health care industry. With us, you’ll never have to worry about missing upcoming filing due dates and having to gather all the information needed at the last minute.
Medicare and Medicaid Cost Reports
We understand the complexity of Medicare and Medicaid Cost Reports, and that’s why it’s a service we offer for all our packages. These cost reports change frequently, sometimes even yearly. Our expert team stays on top of these changes so you can focus on running your business.
Industry Knowledge and Expertise
Say goodbye to needing to find multiple vendors for each accounting function. Knight is ready and happy to serve all your accounting needs.
Need to Know the Basics?
Read Our Firm's Guide to Medicare Cost Reports
If your agency accepts Medicare, you’ve probably heard the terms Medicare Cost Report or Medicare Cost Reporting. It may even fill you with dread. This annual report must be filed by most Medicare providers each year – but that doesn’t mean it’s easy. It requires piles of paperwork and complex number crunching that can overwhelm even large and well-established healthcare providers.
Luckily, Knight Home Care Financial is here to help you take the challenge out of cost reporting. In this basic guide to Medicare Cost Reports, we’ll break down what it is, why it’s important, and how to submit it without the stress.
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