Cost reporting and accounting are a part of Rural Health Clinic consulting. HSA represents around 200 clients across the nation in the field of reporting, which is much more complex than preparing an IRS tax return. Our staff has the diverse client experience necessary to provide your company with accounting and cost reporting services, and can also assist federally qualified health centers.

We will provide you our services for Cost Report Preparation by doing the following:

• RHC/FQHC Cost Reporting
• Revenue Analysis
• Cost Accounting Analysis
• Create Medicare Provider File for each clinic or entity
• Provide written cost-report documentation requirements
• Prepare consolidated Rural Health Clinic cost-report for appropriate entities
• Complete and submit a finalized year-end consolidated cost report to the third party administrator
• Coordinate possible requests for additional supporting documentation from Fiscal Intermediary
• Follow–up to ensure that annual reconciliation amounts are paid
• Make recommendations where appropriate to maximize the financial impact of the rural health clinic benefit
• Maintain compliance with all cost-reporting requirements, regulations, and interpretations

Cost Reporting - The Basics

CMS' Expectations of Timely Processing
The Schedule below summarizes the timeline CMS expects its contractors to adhere to in order to meet CMS ' expectations of timely

Defininition of Meaningful Use

EHR Medicaid Incentive Program

EHR Medicare Incentive Program

Medicare Compliance, Reimbursement & Enforcement Resource

Accounting Services

• Monthly Financial Statements
• Payroll
• Payroll Taxes