Get the free CMS-2552-96 - hfs illinois

This document serves as a cost report for hospitals and healthcare complexes, detailing financial operations over the specified reporting period, compliance with federal regulations, and allowable

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 your local Medicare Administrative Contractor.
2. Fill in the facility's identifying information, including name, address, and provider number.
3. Complete Section A, which includes general information about the facility, such as ownership and service types.
4. Move to Section B to report the financial data, such as total expenses, revenues, and other financial indicators.
5. Fill out Section C, which focuses on cost reports, ensuring all costs related to patient care are included.
6. Verify that all necessary supporting documentation is attached, including financial statements and relevant cost calculations.
7. Review the entire form for accuracy and completeness before signing.
8. Submit the completed CMS-2552-96 form to your Medicare Administrative Contractor by the specified deadline.

Who needs CMS-2552-96?

1. The CMS-2552-96 is needed by providers of inpatient hospital services, including acute care hospitals, critical access hospitals, and hospital units that seek reimbursement from Medicare.

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 form used by Medicare-certified skilled nursing facilities (SNFs) and certain other healthcare providers to report their costs and financial information to the Centers for Medicare & Medicaid Services (CMS).

Who is required to file CMS-2552-96?

Medicare-certified skilled nursing facilities (SNFs) and certain other healthcare providers that participate in the Medicare program are required to file the CMS-2552-96.

How to fill out CMS-2552-96?

To fill out CMS-2552-96, providers should gather their financial and cost data, complete all applicable sections of the form, and ensure they follow the instructions provided by CMS for accuracy and compliance before submitting the report.

What is the purpose of CMS-2552-96?

The purpose of CMS-2552-96 is to collect financial and operational information from SNFs to determine their reimbursement rates under the Medicare program and ensure compliance with federal regulations.

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

Information that must be reported on CMS-2552-96 includes costs related to patient care, indirect costs, administrative expenses, and various financial statistics necessary for calculating Medicare reimbursement.