CMS Announces Extension for Specific 2019 Fiscal Year End Cost Reports

Posted on April 7, 2020December 28, 2021

AAFCPAs would like to make healthcare clients aware that, due to recent events surrounding COVID-19, the Centers for Medicare and Medicaid Services (CMS) has granted an automatic extension for Medicare Cost Report filing for all providers with specific 2019 fiscal year ends. The following is a summary of the fiscal year ends and their extended due dates:

2019 Medicare Cost Report Instructions are available on the CMS website at https://www.cms.gov/Regulations-and-Guidance/Guidance/Manuals/Paper-Based-Manuals-Items/CMS021935

Get your PS&R Reports now at https://www.ngsmedicare.com/ngs/portal/ngsmedicare/PSR

AAFCPAs’ Cost Report Expertise

AAFCPAs is deeply familiar with the instructions and the most beneficial ways to minimize the effort necessary to prepare, while maximizing reporting to properly reflect your true cost of care. We understand the key objectives of the report and critical areas of focus.

The depth of AAFCPAs’ Healthcare Practice enables us to easily mobilize the resources of our team and we are confident we are capable of meeting your needs for the deadlines outlined above. If you need any guidance or assistance in preparing your cost report, please let us know.

If you have any questions, please contact Pauline Legor, CPA, MBA, at 774.512.4158, plegor@nullaafcpa.com; Courtney McFarland, CPA, MSA at 774.512.4051, cmcfarland@nullaafcpa.com; or your AAFCPAs Partner.

About the Authors

Pauline Legor, CPA, MBA

Pauline is a leader in AAFCPAs’ Healthcare practice, providing assurance and consulting solutions for Federally Qualified Health Centers (FQHCs) and behavioral health providers. Pauline has extensive expertise overseeing audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards, state-specific filing requirements, such as the Massachusetts’ Uniform Financial Report (UFR), as well as U.S. Department of Health and Human Services (HHS), and the Centers for Medicare and Medicaid Services (CMS). Additionally, she has deep expertise in the federal 340B Drug Pricing Program helping clients ensure 340B Program integrity and maintain accurate records documenting compliance with all 340B Program requirements. Beyond audits, she provides specialized analysis & advisory services for healthcare organizations to optimize their reimbursements. This includes revenue cycle assessments, fee structure analysis, Sliding Fee Discount Program assessments, Medicaid and Medicare Cost Reporting, denials prevention and management, as well as data analysis and benchmarking.

Courtney McFarland, CPA, MSA, 340B ACE

Courtney is an audit partner in the firm’s Healthcare Practice with over 15 years of assurance experience and a comprehensive understanding of the nuances of the healthcare industry. She delivers a full range of solutions solving the challenges that AAFCPAs’ healthcare clients face, including: audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards, 340B pharmacy program requirements, best practices for reconciliation & analysis of statistical and programmatic data, tracking and monitoring risk-based contracts, maximizing reimbursements, and guidance on healthcare reform. Courtney is a member of AAFCPAs’ Revenue Recognition Task Force, dedicated to helping the firm and clients understand best practices for an efficient and effective implementation of the robust new framework.