Why Choose SimiTree for Home Health Cost Reporting?
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Unparalleled Expertise: With over 50 years of experience, we understand the nuances of home health cost reporting.
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Accuracy Focused: We don’t just check boxes; we meticulously report expenses by discipline to determine accurate cost per visit.
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Time-Saving Solution: Let our experts handle the complex and time-consuming task of cost report preparation.
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Regulatory Compliance: Stay up-to-date with ever-changing CMS requirements.
Key Challenges We Address in Home Health:
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Splitting Para-Professional Expenses
We help agencies accurately allocate expenses for various para-professional services.
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Billable Medical Supplies Reporting
Ensure proper reporting of billable medical supplies to prevent Medicare rate reductions. This is a critical issue as failure to break out these supplies can significantly impact your reimbursement rates.
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Discipline-Specific Expense Allocation
Accurately report expenses by discipline for precise cost-per-visit calculations, which Medicare uses to determine reimbursement.
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Regulatory Knowledge
We provide expertise in regulatory requirements and acceptable allocation methodologies.
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Comprehensive Documentation
We ensure you have all the necessary supporting documentation for your cost report.
Our Comprehensive Home Health Cost Reporting Service Includes:
- Thorough review of agency documentation
- Expert data extraction and analysis
- Timely and accurate filing
- Assistance through potential audits
- Ongoing support and consultation
Interested in More?
Bundle Our Services for Comprehensive Support
Maximize your home health agency’s efficiency and compliance by bundling our cost reporting services with:
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Billing
Streamline your billing and collections process.
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Coding & OASIS Review
Ensure accuracy in coding and OASIS documentation.
Frequently Asked Questions
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Accurate cost reporting is crucial because CMS uses this data to determine labor shares and reimbursement rates for home health services. Inaccurate reporting, especially of billable medical supplies, can lead to reduced reimbursement rates.
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Medicare-certified home health agencies are required to submit cost reports annually.
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Yes, our experts will assist you throughout the audit process, providing support and documentation as needed.
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Our team has extensive experience in home health operations and understands the nuances of allocating expenses across different disciplines. We work closely with your team to ensure all costs, including para-professional expenses, are accurately categorized and reported.
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Absolutely. Our team of experts constantly monitors regulatory changes and updates our processes accordingly to ensure your cost reports always meet the latest CMS requirements.