RHC COST REPORTING FOR 2021
December 5, 2020: Needless to say, 2020 is a year like no other. The same can be said for RHC Cost Reporting. This year the filing of the cost report will be complicated by the increased use of telehealth as a result of COVID-19, the impact of the shutdown on patient volume this spring and the sporadic nature of visits in the last half of the year, and RHCs having to assess the need for waivers from Productivity screens, and if a waiver is required, how and when will the clinic obtain that waiver.
Likewise year-end financial and tax planning will be more complicated than ever as RHCs deal with Provider Relief Funds, Payroll Protection Program loans, Federal, State, and Local taxes, and cost reporting implications especially those clinics that are in base year’s for Medicaid. With this in mind we will conduct our annual year-end planning webinar for RHC Cost Reporting on December 10, 2020 at Noon, Central time. The webinar is called RHC Cost Reporting Update for 2021
In this webinar, Mark Lynn, CPA (Inactive), CRHCP and Dani Gilbert, CPA, CRHCP will go over Rural Health Clinic Cost Reporting and the information requirements, timing of the filing, and steps to take before year-end to maximize reimbursement as well as why so many RHCs are having to pay back Medicare monies as a part of settlements. We will discuss year-end planning and deadlines as they relate to maximizing your cost per visit, reporting Provider Relief Funds, minimizing your tax liability and claiming Medicare Bad Debts. This year will be most important year-end we have ever faced due to the complexity of issues caused by the Public Health Emergency. Additionally, we will discuss the client portal that Healthcare Business Specialists will be using for our clients to securely upload documents to prepare the cost report and the eventual transition to filing your cost report electronically through the MCReF Medicare Cost Report Portal.
Please register for RHC Cost Reporting Update for 2021 on Dec 10, 2020 12:00 PM CST at:
The one hour webinar will be recorded and posted in the RHC Information Exchange Facebook Group as well and on Youtube. The slides will be posted as well. We will have some time for questions after the presentations, and if you have specific questions you would like for us to address, please send email Mark Lynn at marklynnrhc@gmail.com. If Healthcare Business Specialists, LLC prepares your Medicare cost report we will have some instructions on how to use the client portal and we will discuss some accelerated reporting deadlines for 2020 cost reports due to Provider Relief Funding and Productivity Waiver deadlines. We will follow-up with another webinar on cost reporting in January as well as the following webinar over how to use the Provider Relief Funding portal scheduled to be operational on January 15, 2021. For information about this webinar see below:
PROVIDER RELIEF FUNDS REPORTING PORTAL - HOW TO USE AND REPORT PROVIDER RELIEF FUNDS
In this Webinar Mark Lynn, CPA (Inactive), CRHCP, RHC Consultant with Healthcare Business Specialists, LLC will go over how to use the Provider Relief Reporting Portal due to be operational on January 15, 2021. If the portal is opened timely, we will go through the reporting process for RHCs which as of now must report the required information by February 15, 2021. The webinar scheduling is dependent on HHS adhering to the stated deadlines.
Please register for Provider Relief Funds Reporting Portal - How to Use and Report Provider Relief Funds on Jan 21, 2021 12:00 PM CST at:
