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Medicare cost report

Medicare Cost Report vs. Medicare Credit Balance Report

We receive many inquiries from new providers who are often confused on the difference between the Medicare cost report and the Medicare credit balance report.  In order to clarify the differences, we have outlined some of them here.  Both reports are required of Medicare reimbursable entities, such as Skilled Nursing Facilities (SNFs), Home Health Agencies (HHAs), Home Offices, Hospices, Rural Health Clinics (RHCs), Federally Qualified Health Centers (FQHCs), and Hospitals.

What is a Medicare cost report?  

Medicare cost reports are financial reports used to report expenses for different types of Medicare reimbursable entities.  They are used to set reimbursement rates for providers.

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