CMS Proposes Significant Changes and Expanded Reporting by Hospices
Note: Special thanks go to Ted Cuppett, CPA, Managing Member of The Health Group, LLC in Morgantown, WV, for providing this summary of the proposed Hospice Cost Report changes. Additional analysis will be forthcoming.
The Centers for Medicare & Medicaid Services (CMS) has released the revised draft of the Hospice Cost and Data Report for public comment. The cost report is substantially expanded from the current cost reporting form, and focuses on a process to have costs reported based on the level of care. This was expected. The method for achieving this, as illustrated in the draft report, was not expected. To accurately complete the draft Hospice Cost and Data Report will require most hospices to substantially expand their chart of accounts and accumulate statistical information not presently being accumulated.