Monitoring Medicare Enrollment
The Medicare Enrollment information on file may be the most important information to a healthcare provider. While all healthcare providers must re-validate their information on file when requested to do so, a failure to modify information can result in the loss of billing privileges by the healthcare provider.
Changes in information on file with the Medicare program must be updated within ninety (90) days of the change. Providers need to be keenly aware of that information on file with the Medicare program and make timely changes to this information.
The Medicare Administrative Contractors (“MACs”) have been extremely lenient regarding the timeliness of change submissions; however, the risk is enormous. The denial of billing privileges could represent a financial challenge that would be difficult to overcome. When addressing corporate compliance all providers should ensure that Medicare enrollment information and updating that information is included.
New Hospice Cost Report
The U.S. Centers for Medicare and Medicaid Services (“CMS”) released the final “new” Hospice Cost & Data Report (CMS Form 1984-14) at the end of 2014. Hospice cost reports for cost reporting years that began on or after October 1, 2014 were submitted using the new forms.
The new Hospice Cost & Data Report represents a substantial modification to the existing cost report and required hospices to modify their existing chart of accounts, develop methodologies for accumulating the newly required financial information, accumulate statistics required for reclassification and allocation of costs, and develop processes for continuous accumulation of the required cost and statistical information.
The Health Group, LLC has already submitted hundreds of reports using the new forms. Do not hesitate to contact us if we can provide assistance to you including preparation of the new report.
Complimentary Review – We offer a complimentary review of your completed cost reports. If you are interested in this complimentary service contact us at firstname.lastname@example.org
The Health Group, LLC has scheduled the Hospice Financial & Compliance Academy for October 10-11, 2016 at the San Antonio Hyatt Regency Riverwalk. Topics include the Medicare Enrollment, including re-validation and proposed rules; Practical Tips regarding the new Hospice Cost Report and accumulation of required information: Coping with hospice reimbursement changes, PIP reimbursements and the impact of the hospice reimbursement changes, updated CAP Management and a special program for provider-based hospices and the cost report changes effective this year. Details regarding the program are available here.