Medicaid Cost Reporting - Texas
Mastering Texas Medicaid Cost Reporting: A Comprehensive Training Event
Prepare yourself to overcome the challenges associated with preparing a Texas Medicaid Cost Report through this intensive training event. Led by an experienced instructor well-versed in the requirements of the Texas Health and Human Service Commission (HHSC), you will gain invaluable insights into creating acceptable cost reports for Medicaid services in Texas.
The Texas Medicaid Cost Report holds significant importance as it serves as a critical information-gathering tool for Texas state government agencies, specifically the Health and Human Services Commission (HHSC). This report plays a pivotal role in developing payment rates for licensed agencies (Providers) that offer essential healthcare services to Medicaid clients who prefer to receive care at home rather than in more expensive hospital settings. By supporting these services, the cost report aids in maintaining the well-being of the Medicaid population while enabling them to stay in their homes or with their families.
During this training event, you will delve into the intricacies of the Medicaid Cost Report, equipping you with the knowledge required to effectively communicate the amount of money spent on providing healthcare services to state residents. You will gain insights into the specific information needed for calculating payment rates for Providers.
Additionally, the training will cover the actual preparation of the Cost Report, focusing on the different components of the State of Texas Automated Information Reporting System (STAIRS) cost report. You will learn how to navigate and import the correct information, understand the flow of individual schedules and their connection to various sections of the cost report. The session will also provide an opportunity for questions and answers to ensure a comprehensive understanding of the topic.
Join us for this enlightening training event, offering valuable perspectives from an auditor's viewpoint, backed by years of experience in both preparing and auditing Medicaid Cost Reports.
To secure your spot, select your preferred course date below and add this class to your cart. During checkout, you will complete a registration form and provide your payment details.
Participation in this training event will earn each attendee 2 CPE Hours (YB), and a certificate of completion will be provided to validate your professional development.
Don't miss this opportunity to master Texas Medicaid Cost Reporting. Register now and gain the knowledge and skills necessary to excel in this crucial area of healthcare finance.
Details on Event Presentation
Being offered twice a quarter on Mondays at 10:00 a.m. to 12:00 p.m. Central Time.
We can schedule private events on your timetable for two or more attendees.
CPE Event Highlights
This training is a 2 hour, intensive course for all preparers of Medicaid Cost Reports. It will give the preparer an idea as to what Auditors look for in a completed report. The point of the training is to give you, the preparer, ways to prepare the cost report so that once completed, you will not receive phone calls and emails from Auditors asking for information that will take your time away from other clients and other work that you do.
The main objective of this training will be to inform you of what Auditors are looking for during their audit of the Cost Report and give you insight into the analysis and preparation from their point of view. We will also cover the various methods of the Cost Allocation process and how to maximize your clients' reimbursement dollars. The other area we will concentrate on is the Provider's Financial Statements. This is the most important piece of the cost reporting puzzle. Mistakes here will cause Auditors to call you and request additional information, so it is important that the financials be correct and in the right format.