Cost Report Review to Ensure Compliance and Identify Opportunities
Stroudwater collaborates with Critical Access Hospitals to improve the accuracy of the Medicare cost report, ensure regulatory compliance, and improve overall hospital financial and operational performance.
With a deep understanding of the rural healthcare landscape, the operational and financial aspects of a Critical Access Hospital, and the technical nature of cost reports, our team provides advisory services to improve the cost report and align with Critical Access Hospital best practices.
Explore Our Cost Report Analysis Tool
Combining Operational & Financial Expertise
Our approach to cost report review is based on decades of experience supporting Critical Access Hospitals and understanding the unique operational and financial challenges that they face. Our team reviews the cost report in depth to ensure accuracy, compliance with requisite guidelines, and identify potential improvement opportunities for the hospital. As part of the Stroudwater cost report review, we will evaluate key areas such as:
Medicare Bad Debts
Overhead Cost Allocations
Related Party Cost Allocations
Provider Compensation Reporting
Provider-Based Entity Rural Health Clinic Reporting
Distinct-Part Unit Financial Performance
Swing Bed Utilization
Departmental Cost-to-Charge Ratios (CCRs)
The Cost Report Review Team
Our team will provide specific examples of financial and operational opportunities to improve the cost report and align with Critical Access Hospital best practices. Our review is informed by our experience working with and advocating for hundreds of Critical Access Hospitals and their rural communities nationwide.
Contact Stroudwater to Start Your Cost Report Review
Cost Reports provide a wealth of information about a hospital’s clinical model, cost structure, and overall financial performance. A thorough cost report review by our team helps a Critical Access Hospital ensure compliance and accuracy while identifying potential opportunities for financial and operational improvement.
