CMS Cost Report: Essential Financial Reporting for Medicare Providers
The CMS Cost Report is a mandatory financial filing submitted by Medicare-certified healthcare providers to the Centers for Medicare & Medicaid Services (CMS). It details provider costs, revenues, and utilization data to determine reimbursement levels and ensure regulatory compliance. This report supports transparency and plays a critical role in Medicare payment policy and auditing processes. Learn the key components, filing requirements, and best practices to accurately complete your cost report and avoid compliance issues.
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