Lets face it, most of us in the industry don't look forward to Medicaid Cost Reporting. It's complicated, time consuming and tedious. It doesn't have to be. Paul Miler, CPA, SVP of Operations and Products has 25 years of experience in accounting and third-party reimbursement for long-term care providers. Prior to joining LifeSpan, Paul spent 15 years in public accounting consulting on reimbursement engagements. He was the Budget Administrator for the State of Maryland medical care programs and an Audit Supervisor with the State of Maryland Department of Health and Mental Hygiene.
"We used to think that we had to use the same firm to do our cost reports that performed our annual audit and prepared our tax return. What we found was that we were able to engage Paul to prepare the cost reports. We expected accurate and timely preparation of the cost reports, as well as an accurate estimate of the settlement amount. What we didn't expect was a consultative element that, among other things, identified exposure for potential audit adjustments. This consultative element added real value to us for the fee that we paid." ~Dennis G. O'Neill, Vice President, Finance / CFO, Sagepoint Senior Services (formerly CCNRC Family of Care)
Maryland Medicaid Cost Reporting Software
Why let Medicaid Cost Reporting be complicated, tedious and time consuming when it doesn’t have to be? At LifeSpan, we have made cost reporting easier than ever! Our new Maryland Medicaid Cost Reporting Software System was created by our staff with more than 20 years of experience preparing report, on top of their 15 years of experience in the design and programming of electronically-generated reports. This new software system not only generates the paper copy of your required annual Medicaid Cost reports, but it also calculates estimated settlements of amounts due to or from the state. Our user-friendly interface simplifies the cost reporting process. We can even modify the software to meet your specific needs.
The software quickly and easily generates your:
- Annual cost reporting filing – paper version
- Annual cost reporting filing – electronic version
- Estimated settlements based on your annual cost report
- Interim Medicaid Rate Request submissions
- Quarterly and monthly (or any period you desire) estimated settlement projections based on your budgeted expenditures
And the best part about it is that we make this program available to our members at an extremely affordable discounted price.
Non-members are able to receive the software at the regular price.