To avoid Medicare payment withholds, acceptable cost reports for home care providers with a fiscal year-end of December 31, 2010, have to be filed by May 31st.
CMS estimates “the time to review instructions, search existing data resources, gather the data needed and complete and review the information collection” is an average of 226 hours.
Guest author, Tom Boyd, of Boyd & Nicholas, provides 5 cost report best practices to begin immediately. Tom’s sound and practical advice is sprinkled with a healthy dose of humor and shouldn’t be missed. Read Tom’s article at Barbara’s Blog and pass it on.