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
2017 Hospice Educational Program
The Health Group, LLC has scheduled the 2017 Hospice Financial and Administrative Management Conference for November 6-7, 2017 at the Hotel Monteleone, New Orleans. Topics include Medicare Enrollment, including revalidation and proposed rules; improving the new Hospice Cost Report and accumulation of required information; coping with hospice reimbursement changes, updated CAP Management and other financial administrative topics. Details regarding the program are available here.
The professionals at The Health Group, LLC have been providing financial and administrative educational programming to healthcare providers since 1993. The Health Group, LLC is a registered sponsor on the National Registry of CPE Sponsors.