Information Gathering Process for Medicaid and Medicare Cost Reports Webinar

This webinar educates attendees on the basic information required to submit acceptable Medicaid and Medicare cost reports. The presenter focuses on tips for submitting cost reports in the proper and preferred format and on a timely basis.  The presenter also uses real-life scenarios to demonstrate how improved communications, data gathering and submission can greatly reduce efforts for both providers and CPAs. Following these tips will maximize efficiency, reduce rework for all parties involved, and eliminate the potential of submitting wrong, excessive, or insufficient information.

Learner Objectives

Upon completion, participants will be able to:

  • Learn the information required, timing, and formats to complete cost reports
  • Understand the cost reporting processes and how home office reports relate to facility reports
  • Review the bad debt log rules for Medicare reports and date requirements for acceptable logs
  • Learn how Best Practices for gathering and submitting data can help providers and CPAs produce cost reports that are accurate and minimize adjustments from audits and desk reviews. 

Presenter: Lorne Simmons, Senior Healthcare Manager at MSL, PA

No CEUs are offered for this on-demand program.

COST: FREE to FHCA Members

Lorne Simmons

Senior Healthcare Manager

MSL, P.A.

Lorne Simmons is a member of the Firm's Senior Housing and Long-Term Care Practice Groups. Lorne has over 30 years of accounting experience, 22 years in senior housing, and health insurance. Before joining Moore Stephens Lovelace, P.A. (MSL), Lorne held positions with Life Care Services (LCS) management company and Blue Cross and Blue Shield of Kansas. Lorne's focus at MSL is on reimbursement consulting, spending reviews and reimbursement rate analyses, cost structuring, cost report preparation, cost report audits, and appeal issues for Medicaid and Medicare reimbursement. He also handles financial statement projections, prospective financial analyses, and Certificate of Need financial forecasts. Lorne is a member of the FHCA Reimbursement Committee and Legislative Committee and has presented staff webinars and training sessions on Florida's Medicaid reimbursement system and 11 previous sessions at FHCA events. 

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Information Gathering Process for Medicaid and Medicare Cost Reports Webinar
Recorded 10/25/2024  |  60 minutes
Recorded 10/25/2024  |  60 minutes This webinar will educate attendees on the basic information required to submit acceptable Medicaid and Medicare cost reports. The presenter will focus on tips for submitting cost reports in the proper and preferred format and on a timely basis. Following these tips will maximize efficiency, reduce rework for all parties involved, and eliminate the potential of submitting wrong, excessive, or insufficient information. The presenter will use real-life scenarios to demonstrate how improved communications, data gathering and submission can greatly reduce efforts for both providers and CPAs.
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