{"id":501,"date":"2018-09-24T07:00:26","date_gmt":"2018-09-24T07:00:26","guid":{"rendered":"https:\/\/advantagehcconsulting.com\/blog\/?p=501"},"modified":"2018-09-19T15:51:21","modified_gmt":"2018-09-19T15:51:21","slug":"finance-new-cost-report-requirement-for-chains-takes-effect-in-october","status":"publish","type":"post","link":"https:\/\/advantagehcconsulting.com\/blog\/2018\/09\/24\/finance-new-cost-report-requirement-for-chains-takes-effect-in-october\/","title":{"rendered":"Finance: New Cost Report Requirement For Chains Takes Effect In October"},"content":{"rendered":"\n

Don\u2019t ignore it just because it\u2019s in the hospital rule.<\/strong><\/em><\/p>\n\n\n\n

<\/strong><\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Stay alert to a new cost reporting mandate included in the 2019 hospital inpatient payment rule, if you belong to a chain organization.<\/p>\n\n\n\n

\u201cEach contractor servicing a provider in a chain must be furnished with a detailed Home Office Cost Statement as a basis for reimbursing the provider for cost allocations from a home office or chain organization,\u201d the\u00a0Centers for Medicare & Medicaid Services\u00a0<\/strong>says in the rule. \u201cHowever, many cost reports that have home office costs allocated to them are submitted without a Home Office Cost Statement.\u201d Plus, \u201cthere are home offices or chain organizations that are not completing a Home Office Cost Statement to support the costs they are allocating to the provider cost reports.\u201d<\/p>\n\n\n\n

Furthermore, \u201cit is our understanding that some providers paid under a PPS mistakenly believe that a Home Office Cost Statement is no longer required,\u201d CMS adds.<\/p>\n\n\n\n

Result:\u00a0<\/strong>\u201cLack of this documentation should result in a disallowance of costs,\u201d CMS says. Beginning on or after Oct. 1, \u201cfor providers claiming costs on their cost report that are allocated from a home office or chain organization, a cost report will be rejected for lack of supporting documentation if it does not include a Home Office Cost Statement completed by the home office or chain organization that corresponds to the amounts allocated … to the provider\u2019s cost report.\u201d<\/p>\n\n\n\n

In a change from the proposal, it will be the responsibility of the home office or chain organization to submit the statement, not the individual agency. Also, if a home office has a different fiscal year time period than the individual agency, the cost statement must correspond only \u201cto a portion of the amount reported in the provider\u2019s cost report,\u201d adds the final rule published in the Aug. 17\u00a0Federal Register<\/em>.<\/p>\n\n\n\n

This change \u201cimpacts reporting by all provider types that have established a home office and\/or are part of a chain organization\u201d \u2014 including hospice providers, notes consulting firm\u00a0The Health Group\u00a0<\/strong>in Morgantown, West Virginia.<\/p>\n\n\n\n

Source- SuperCoder<\/em><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Don\u2019t ignore it just because it\u2019s in the hospital rule. Stay alert to a new cost reporting mandate included in the 2019 hospital inpatient payment rule, if you belong to … Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,5],"tags":[9],"class_list":["post-501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-compliance","category-reimbursement","tag-cost-report"],"_links":{"self":[{"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/comments?post=501"}],"version-history":[{"count":1,"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/501\/revisions"}],"predecessor-version":[{"id":505,"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/501\/revisions\/505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/media\/504"}],"wp:attachment":[{"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/media?parent=501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/categories?post=501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advantagehcconsulting.com\/blog\/wp-json\/wp\/v2\/tags?post=501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}