Have you done your cost reports yet?

Hayden Parker

There is only one day left until the February 28th deadline for cost reports.  As yet, KDADS has received less than 1/3 of the cost reports for nursing homes in the state.  As you are all aware, cost reports are the starting point for the rate setting process each fiscal year.  Sending cost reports after the due date, or waiting to the last minute to submit the cost report is going to create a significant delay in the rate-setting process.  This situation may well mean that rates will not be calculated and uploaded by July 1st.   Further, any delay in submitting rates to the managed care organizations may potentially complicate and/or slow the reimbursement process.