Cost Reporting

Cost Report Services

While many consulting and financial firms offer cost report preparation services, Simione™ Healthcare Consultants, LLC has long been the leader in cost report preparation assistance for home health care organizations. Our long term clients recognize the benefit of having experienced experts in cost report preparation prepare their reports:

• Save valuable internal resource time
• Reduce potential errors

But at Simione™ Healthcare Consultants we recognize that cost reporting is more than a federal mandate - it is a valuable resource for your management team.

Our Cost Report Analysis Service offers you an opportunity to gain valuable management information including:

• Identification of opportunities for business improvement
• Comparison of agency data to GAO information being used for revision of prospective pay reimbursement
• Identifying areas for potential savings
• Identifying key PPS performance indicators such as:
  • Medicare profit margin
  • Profit or loss by episode
  • Average cost per episode
  • Average number of visits per episode
  • Cost to charge ratio
  • Confirmation that your supply ratio is correct
  • Confirmation that you are properly tracking billable medical supplies
• Identifying key hospice performance indicators such as:
  • Cost per patient
  • Cost per day by type
  • Average Length of Stay

For more information about Cost Report Services, please contact us today.