COST REPORT PREPARATION
Are you getting the value that you could be getting from the Medicare Cost Report process? Many Hospices pay upwards of two to three thousand dollars to have their cost report done every year and get little value from the process other than not having their payments cut off by Medicare. Or, maybe you do the report yourself every year and end up with nothing to show for it except a headache.We at Multi-View believe there is much more value to be had from this process. In most cases we can complete your report for less than you are currently paying and when MVI does your report, you will also receive the following:
- Report Validation – Before your report is submitted, your numbers will be validated by MVI’s proprietary review system. The system creates an alert if specific numbers fall outside of expected parameters, or if information is lacking in a specific area. Your report is not complete until all of these alerts have been taken care of.
- Cost Report Benchmark Report – How do your numbers compare to other similar hospices?
- Chart of Accounts Best Practice Advice – Many Hospices lack the detail in their chart of accounts to properly complete the cost report. We will let you know which areas of your account structure need “reinforcement.” Not only will this aid in the completion of the cost report, but will also allow for better management reporting.
MVI completed the very first Medicare Hospice Cost Report, and every year completes more Hospice Cost Reports than any other entity. We have worked with hundreds of hospices and have more knowledge pertaining to Hospice Operations than any other firm. This gives us a tremendous base of experience to draw upon when completing your cost report.
Time is of the essence as 2007 reports will soon be due. Give us a call today and we can get the process started.
Call us at (828) 698-5885 or email to costreport@multiviewinc.com for more information.
