Cost Reporting Preparation & Review
Cost reporting is the strategic hub for many methods of governmental reimbursement. However, with an ever-changing regulatory environment, providers are confronted with the monumental task of balancing regulatory changes and staffing constraints to complete their cost reports.
Our highly focused cost report professionals offer tailored approaches to collaboratively work with reimbursement departments. We use our deep understanding of the rapidly evolving regulatory environment to prioritize accurate and complete cost reporting.
Cost Report Workpaper Tools
Coming Soon: HFS+ streamlines cost report preparation to help deliver a concise work product and more effective review process. HFS+ was designed by healthcare finance professionals for healthcare finance professionals in coordination with Health Financial Systems (HFS), the industry’s largest provider of cost report software. In addition to cost report workpaper templates that are consistent with the latest version of HFS, users of HFS+ receive unique dashboards that can help focus cost report reviews and assist in identifying positive and negative trends impacting Medicare reimbursement.
FORVIS also offers an extensive suite of digital solutions to help meet our clients’ needs by using sophisticated technology and data analytics platforms, models, and databases.
Reimbursement Co-Sourcing Services
As healthcare providers deal with an ever-growing demand for resources, the impact of the staffing skill set crisis, ongoing regulatory updates, and deadline reporting requirements can add to the daily challenges affecting your ability to make critical decisions. That’s why many healthcare providers turn to FORVIS for regulatory reporting and reimbursement support, including:
- In-Depth Reimbursement Department Services
- Cost Report Assistance & Training
- Timely Strategic Evaluation of Regulatory Changes
- Strategic Reimbursement Assessments
- Education & Training
DSH & Uncompensated Care Reporting
As an industry leader in Uncompensated Care Reporting, we utilize high-powered data analytic platforms coupled with proprietary software to deliver Medicare and Medicaid Disproportionate Share Hospital (DSH) services. Our team’s 30+ years of deep understanding of DSH reporting and payment issues enables our experienced professionals to assist hospitals across the country with their DSH reimbursement challenges.