December 12, 2014
Many healthcare providers, including hospitals, skilled nursing facilities, and home health agencies, receiving payments from Medicare are missing out on “Medicare bad debt” reimbursement. This lost revenue can total over $500,000 annually or more for large hospitals. Medicare bad debts is one of the few areas that is still cost reimbursed on the cost report, yet, when completing the cost report, financial administrators often overlook critical opportunities to maximize reimbursement.
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