Guide to RHC Cost Report Audit Compliance with Best Practices
Running a Rural Health Clinic (RHC) requires balancing patient care with a maze of administrative responsibilities. Among the most critical is making sure your clinic’s Medicare cost reports are accurate, timely, and fully in compliance. In this guide, we cover the fundamentals of RHC requirements, common audit challenges, and offer our readers some best practices […]
Mastering RHC Revenue Cycle Management for Financial Health
Running a Rural Health Clinic (RHC) means balancing the realities of patient care with the complex demands of financial management. For independent and provider-based RHCs alike, one of the most important pillars of sustainability is revenue cycle management (RCM). While cost reports determine how Medicare reimburses clinics for services provided, RCM is what keeps the […]
Essential Guide to Rural Health Clinic Cost Reports
Rural Health Clinics (RHCs) occupy a unique and vital place in America’s healthcare landscape. Established to expand access in underserved areas, they provide essential services to communities that might otherwise lack reliable care. Yet, like other Medicare-certified providers, RHCs face the same administrative reality: every year, they must file a Medicare cost report using a […]
Nursing Home Cost Reports: Compliance and Reimbursement
Introduction to Cost Reporting More than 15,000 Medicare-certified nursing homes file a Medicare Cost Report each year, and each submission plays a role in shaping billions of dollars in reimbursement. This detailed document allows the Centers for Medicare & Medicaid Services (CMS) to monitor spending, verify reimbursement, and ensure transparency across the industry. Medicare Administrative […]
A Guide to Understanding SNF Medicare Cost Report Requirements
Running a skilled nursing facility (SNF) comes with no shortage of responsibilities. From patient care to staffing challenges to regulatory compliance, administrators often juggle more tasks than there are hours in the day. Somewhere on that long list is the Medicare cost report, an annual requirement that can feel like a paperwork hurdle but is […]
Understanding Skilled Nursing Facility Cost Reports: Key Insights
When it comes to long-term care, skilled nursing facilities (or SNFs) are an essential part of the healthcare system. They bridge the gap for patients who require ongoing medical attention but no longer need the intensive resources of a hospital. Like other healthcare providers, SNFs operate in a highly regulated environment and deliver a comprehensive […]
Home Health Agency (HHA) Cost Report Essentials: A Brief Guide
In home healthcare, providing quality care isn’t the only measure of success, financial accuracy, and regulatory compliance matter just as much. That’s where the Medicare cost report comes in. For home health agencies (HHAs), knowing how to correctly prepare and submit these reports is essential for receiving proper reimbursement, as well as for maintaining good […]
Mastering Accrual Accounting in Healthcare
In healthcare, financial accuracy is more than a back-office concern; it directly affects a provider’s ability to serve patients, plan for their growth, and remain in compliance with regulations. Understanding how financial transactions are recorded and choosing the right accounting method is important. While some small practices still use cash accounting, the majority of healthcare […]
Making Sense of the Medicare Cost Report: What Providers Need to Know in 2025
When it comes to Medicare compliance, one document that healthcare providers can’t afford to overlook is the Medicare Cost Report. Even if your organization billed only a modest amount to Medicare during the year, you’re not necessarily off the hook. Whether you’re running a hospice, a home health agency, a mental health facility, or a […]
Mastering the Preparation of Financial Statements: A Practical Guide for Healthcare Providers
When you think of your clinic, therapy office, or independent hospice practice, what comes to mind first? Likely not your financial statements. Yet these documents are the foundation of your business’s financial status, its growth potential, and its regulatory readiness. Whether preparing to secure funding, planning for expansion, or simply making smarter day-to-day decisions, mastering […]