Fulfilling an essential function
Despite the prevalence of PPS, Medicare/Medicaid cost reporting is still relevant to providers.
It impacts factors like market basket updates, Medicare adequacy analysis, and MedPAC findings. MCRs influence payment rates, cost limits, and payment adequacy. Moreover, accurate cost reports are far more than a compliance document. They are critical for fair reimbursement and ensuring the alignment between payment and provider costs.
Kraft offers deeply experienced leadership and support in the preparation of Medicare and Medicaid cost reports – to identify hazards, assure compliance, and make the most of reimbursement rates.
In fact, our deep understanding of cost reports was vital in developing the standards of a new industry certification – the certified cost report specialist (CCRSSM), introduced in 2018 by the American Institute of Healthcare Compliance (AIHC). Our team leads training events nationwide for the CCRS designation, which is awarded and managed by the AIHC.
Service when you need it
Medicare/Medicaid cost reporting services
- Report preparation and review
- Assistance with settlements, cost report audits, appeals, and other CMS and MAC issues
- Assistance with disproportionate share (DSH) and low-income reimbursement for hospitals
- Compile and review Medicare and Medicaid bad debts
- Wage index audits and potential geographic reclassifications
- Assistance with Medicare designations such as sole community, Medicare dependent, and/or rural referral centers, including low-volume adjustment requirements
- Consultation on a range of provider issues
- Analysis of square footage for proper cost allocations
- Cost report training at the beginning, intermediate, or experienced level
Key areas of experience
- Health systems
- Hospitals of every size and type
- SNFs
- Home health agencies
- FQHCs
- Rural health centers
- Inpatient rehabilitation
- Hospice centers
The Kraft Difference
People you trust
Anchored by local roots and respected in the industry, we’re proud of our people-first culture, which has set us apart for over six decades.
Industry expertise
Our team is led by experts with up-to-the-minute insight in their field. We’re accessible and ready to help when you need us most.
Independent thinkers
As one of our industry’s most established independent firms, we think critically and move quickly. Clients get answers fast and see tailored solutions.
Bandwidth for diversity
As a growing firm in a thriving region, we evolve to meet the needs of our diverse clientele, particularly those in the competitive middle market.
The Kraft team’s knowledge of TEFRA is of great importance to us because it’s a unique area in Medicare that impacts us. Scott is always available when we need him.
Yukari Hechanova
CFO, Guam Memorial Hospital Authority
