Just as with a personal tax return, a cost report is comprised of groups of schedules and worksheets, most of which are designated by a letter prefix.
The major worksheets and their purposes are listed below.
|S Series||Statistical data||To properly report statistics related to payer|
|A Series||Proper classification of expenses by cost center||To report allowable Medicare costs by cost center or department|
|B Series||Matching of costs to revenue by utilization of a step-down approach||Allocation of overhead costs|
|C Series||Matching of cost to revenue – gross revenue by cost center or department||Calculation of cost-to-charge ratios|
|D Series||Calculation of Medicare share of hospital cost||Determine a hospital’s portion of Medicare cost|
|E Series||Calculation of Medicare settlement||Determine amount owed by or owed to the Medicare program|
|G Series||Hospitals Financial Statements||Report the financial statements into the cost report software|
There may be other worksheets that a hospital is required to submit due to the type of services provided. For example, providers that offer renal services will have to complete the I series worksheets, and those that offer provider-based services for Hospice and Home Health will need to submit the H and J series worksheets, respectively.
To learn how an independent cost report review can help you identify revenue opportunities and maintain compliance, download The Value of an Independent Cost Report Review.