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0816FORM CMS2540104190 (Cont.) This report is required by law (42 USC 1395g; 42 CFR 413.20(b)). Failure to report can result in all interim payments made since the beginning of the cost reporting
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Form CMS-2540-10 is a cost report used by Medicare-certified providers to report their expenses and revenues.
Medicare-certified providers such as hospitals, nursing homes, and home health agencies are required to file form CMS-2540-10.
Form CMS-2540-10 can be filled out electronically or manually by entering the required financial information for the reporting period.
The purpose of form CMS-2540-10 is to calculate the reimbursement amount that Medicare will provide to the provider based on their reported costs.
Providers must report detailed financial information such as expenses, revenues, patient days, and reimbursements on form CMS-2540-10.
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