(1) Vendor needs to provide medicare cost report, allocations and reimbursement consultant service.• Review and evaluate procedures and workflow performed during the Cost Report process.Offer guidance and assistance with streamlining processes and procedures to maximize efficiency.• Analyze data for reasonableness and review statements for proper cost allocation of employees and all other expenses.• Review methodologies including but not limited to capitalization of assets, square footage allocation and depreciation methodologies.• Review financial records to improve processes to review variances, increase efficiencies and improve analysis.• Review process to project and establish cost rates, collection of statistical and research data on patient costs.• As needed, assist the Cost Unit with the completion of the Medicare Cost Report in compliance with federal Medicare regulations.• Provide a written report with suggested process improvements taking into consideration that the state will be working in a new accounting system.• Develop a procedure manual that includes timelines for the proper and timely submittal of the Medicare Cost Report.(2) All questions must be submitted no later than November 4, 2024.
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