Healthcare cost reporting is about compliance and reimbursement. BKD is one of the country's largest providers of Medicare and Medicaid cost report preparation services. We've prepared thousands of cost reports for hospitals and senior residential facilities, including long-term care centers, nursing facilities, life plan communities, home health agencies, community health centers, and rural health clinics.
Preparation of annual Medicare and Medicaid cost reports is the foundation of our reimbursement services. We help providers keep up with reporting requirements while working to complete timely reports. Our services help you interpret the results of your cost reports so you know if you make or lose money on individual service lines.
For some providers, the cost report has a direct impact on Medicare and Medicaid reimbursement. For many others, unique provisions can affect reimbursement if properly presented on the cost report. Our CPAs and advisors can assist you in analyzing your reimbursement situation so you understand how you're being paid compared to the cost of service to Medicare and Medicaid patients.
For our home health and hospice clients, we provide benchmarking analyses in addition to cost report preparation. This operations analysis is based on information in the Medicare cost report and compares your agency’s data to other home care and hospice agencies.