Cost Report Services
Cut Fraud and Save Money.
With deep experience in cost report services and other audits, HMS® has earned a reputation as a trusted partner in the prevention and detection of Medicare fraud, waste, and abuse.
Our review of cost reports and other financial information helps determine if facility costs and expenses are appropriate, reasonable, necessary, and legitimate. We flag false bad debt write-offs, payments to related organizations that are not treated as such, inflated or exaggerated costs and expenses, and non-reimbursable expenses included as advertising.
All of that accounts for millions of dollars paid erroneously. In conjunction with our fraud investigation, data analytics, and medical review services, we have recovered more than $2 billion in fraudulent and improper payments since 2002.
Our work has supplemented cases, investigations, and reviews by national organizations, including:
- The U.S. Department of Health and Human Services Office of Inspector General
- The Federal Bureau of Investigation
- The Department of Justice
- The Internal Revenue Service
Our certified fraud examiners and certified public accountants are highly expert in:
- Cost reports
- Financial statements
- Trial balances
- Tax returns
- Account ledgers
- Other financial information
We present our findings to our customers or law enforcement agencies, and include recommendations for adjustments or recoveries. Our multi-disciplinary approach – combining audits with other analytical and investigative work – delivers a more complete and detailed analysis resulting in increased settlements and convictions.
Fill out the contact form today and discover how much you could save through HMS’s cost report services.