Why doesn the database contain more cost reports for recent fiscal years? What is the cost report processing timeline?
Providers are required to submit a cost report to their Fiscal Intermediary (FI) within 5 months after the close of their fiscal year. After that time, the FI processes the cost report and establish the provider’s settlement. As part of the process, the cost report goes through a series of edit checks and validation testing before being added to the HCRIS database. A minimum amount of time necessary to complete the process would be about 12 months. For more information, please see a flowchart of the cost report process.
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