The typical cost reporting and cost settlement process for a state Medicaid agency involves antiquated technology, Excel spreadsheets, or paper cost reports. These methods require a manual review process that delays settlements to both the agency and the provider community. Now your agency can improve compliance and save time and cost with PCG Health's Web-based Medicaid Cost Reporting and Claiming System (MCRCS).
State Medicaid agencies require various school-based health providers to submit annual Medicaid cost reports for cost reconciliation and settlement purposes. Each state Medicaid agency must ensure that payments for the administration and delivery of services to Medicaid recipients are accurate and efficient in order for those services to be reimbursed on a reasonable cost basis. Typically, outdated state processes and forms require a manual and inefficient process that delays settlements to both the agency and the school district. For example, a number of staff resources are required to review the content of reports, provide ongoing training and instruction to the provider on cost report processes, process audit adjustments, calculate cost settlement results, and leverage historical cost report data to update and recalibrate interim payment rates.
PCG Health solves the inefficiencies of the cost reporting and cost settlement processes with its Medicaid Cost Reporting and Claiming System (MCRCS). PCG is one of the few firms in the country to offer Medicaid agencies and school-health providers an end-to-end cost reporting solution, supported by an expert staff.
Most cost reporting processes or applications are administratively burdensome and hinder the provider from efficiently completing Medicaid cost reporting requirements. PCG Health's MCRCS System allows providers to:
PCG Health will customize our application to ensure that it meets and adheres to the current cost reporting requirements of your various programs, with
Many agencies utilize PCG to help providers to prepare cost reports and then review, audit, and complete Medicaid cost settlements on an annual basis. PCG Health will
PCG has unique and unparalleled offerings related to documentation. PCG Health offers services including
PCG Health's MCRCS automates the cost reporting and settlement processes in order to
PCG has nearly 25 years of experience with state Medicaid consulting engagements. In addition to MCRCS, our expert cost reporting and cost settlement staff members have an in-depth understanding of Office of Management and Budget (OMB) A-87 (2 CFR Part 225) and the new Uniform Administrative Requirements, Cost Principles, and Audit Requirements (2 CFR Part 200) in addition to Centers for Medicare and Medicaid Services (CMS) Provider Reimbursement Manual (PRM – 15) and can provides guidance on the permissibility of Medicaid costs. Contact us today for more information on how PCG can assist you with the automation of cost reporting and settlement processes.
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For more information about PCG Health's Medicaid Cost Reporting and Cost Settlement Services please contact us at email@example.com or 1-800-210-6113.