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This document serves as a cost report certification for hospitals and health care complexes, detailing their costs and settlement summaries related to Medicare and Medicaid services during a specified

How to fill out cms-2552-96 - hfs illinois

How to fill out CMS-2552-96

1. Obtain a copy of the CMS-2552-96 form from the CMS website or relevant authority.
2. Read the instructions carefully to understand the requirements and guidelines.
3. Fill in the provider information section, including the name, address, and Medicare number of the facility.
4. Complete the cost reporting information, detailing all allowable costs and expenses.
5. Report any adjustments or corrections to previous cost reports in the designated sections.
6. Calculate the Medicare allowable costs and prepare the necessary supporting documentation.
7. Review the entire form for accuracy, ensuring all calculations and information are correct.
8. Sign and date the form where indicated to certify the information provided.
9. Submit the completed CMS-2552-96 form to the appropriate Medicare administrative contractor by the due date.

Who needs CMS-2552-96?

1. Healthcare providers that offer inpatient hospital services and seek reimbursement from Medicare need to complete the CMS-2552-96 form.

People Also Ask about

What is CMS 2552 10?

Medicare Part 2, Provider Cost Reporting Forms and Instructions, Chapter 40, Form CMS-2552-10. This transmittal updates Chapter 40, Hospital and Hospital Health Care Complex Cost Report (Form CMS-2552-10), by clarifying and revising the existing instructions and by revising existing edits. Effective dates vary.

What is the CMS payment error rate measurement program?

The PERM program is designed to measure improper payments in the Medicaid and CHIP programs. During each PERM Cycle, CMS hosts multiple provider education sessions which are presented on webinar/conference call platforms.

What is the purpose of the cost report?

A cost report is a document that provides an overview of the costs associated with a project. It typically includes information about the budget, actual costs, and any variances between the two. The report can also include details about labor costs, materials, and other expenses related to the project.

What is the CMS code for telehealth?

CMS Telemedicine Reporting Updates CMS will not adopt the new CPT telemedicine codes (98000–98015). Instead, telemedicine visits should be reported using in-person E/M codes (e.g., 99202–99215) with: Modifier 95 for audio-video visits. Place of service codes 02 (non-home location) or 10 (telehealth in home)

What is the CMS fixed loss threshold?

The outlier fixed-loss threshold for FY 2024, which runs from October 1, 2023, through September 30, 2024, is $42,750. Centers for Medicare and Medicaid Services (CMS) pays 80% of costs exceeding DRG payment.

What does CMS mean in medical terms?

The Centers for Medicare and Medicaid Services (CMS) provides health coverage to more than 100 million people through Medicare, Medicaid, the Children's Health Insurance Program, and the Health Insurance Marketplace.

For pdfFiller’s FAQs

What is CMS-2552-96?

CMS-2552-96 is a cost report that healthcare providers submit to report their costs and utilization of services under Medicare.

Who is required to file CMS-2552-96?

Medicare-certified providers, such as skilled nursing facilities and certain hospitals, are required to file CMS-2552-96.

How to fill out CMS-2552-96?

To fill out CMS-2552-96, providers must gather financial data, complete each section according to the instructions, and ensure accuracy before submission.

What is the purpose of CMS-2552-96?

The purpose of CMS-2552-96 is to determine the reimbursement rates for providers by documenting their costs and ensuring compliance with Medicare regulations.

What information must be reported on CMS-2552-96?

CMS-2552-96 requires reporting of various cost data including facility-specific expenses, patient services, and allocation of costs among different departments.