What We Do
From annual cost report preparation to long-term interim leadership, Strategic covers every dimension of Medicare reimbursement — staffed entirely by senior executives with decades of hands-on MAC experience.
The Medicare cost report has been Strategic's central focus since its founding nearly 50 years ago.
We have the knowledge and experience necessary to ensure compliance with the regulations and to recover all reimbursement that the provider is entitled to. Consistent with our philosophy, we will not simply send you a request for information and file the reports from a distance.
We believe it is necessary to spend time on-site, interviewing your department heads and understanding the current environment of your organization. This ensures the cost report reflects actual operations and that your total reimbursement is reflective of the care provided to your Medicare beneficiaries.
The cost report is critically important even if you are not a cost-reimbursed provider — it is used to develop your cost-to-charge ratios that impact PPS payments, Medicare wage index, and DRG cost weights, and may also be viewed by external stakeholders who want to learn more about your hospital's community impact.
Preparation & Filing
Full preparation, review, and submission with on-site interviews and department-level accuracy.
Reopen & Amendment
Identification and pursuit of missed reimbursement through cost report reopens.
Audit Defense
Experienced representation through MAC audits and Notices of Program Reimbursement.
PPS Impact Analysis
Analysis of how cost report data flows into PPS payments and wage index.
DSH is far more than a Medicaid days calculation — and Strategic treats it that way.
Strategic views the Medicare DSH add-on payment as a complex solution that isn't focused entirely on the level of Medicaid days and the SSI percentage. We recognize that uncompensated care costs and 340B eligibility are critical components to consider too.
The shift in DSH payments to focus more on uncompensated care than on Medicaid eligibility is significant — and is also a major focus for MAC auditors nationwide. Strategic will not only ensure that all eligible days are captured, validated, and properly documented, but we ensure that every opportunity to qualify for uncompensated care payments and the 340B drug savings program is also pursued.
Medicaid Days Validation
Comprehensive capture and documentation of all eligible Medicaid and SSI days.
340B Eligibility
Assessment and optimization of 340B drug discount program qualification.
Uncompensated Care
Identification and substantiation of all qualifying uncompensated care costs.
Audit Preparation
Documentation standards that meet the most stringent MAC audit requirements.
MACs are enforcing more stringent documentation requirements for bad debt claims. Our process is built for that environment.
Strategic has an experienced team dedicated to providing a comprehensive approach to preparing or reviewing Traditional, Cross-Over, and Charity Medicare Bad Debt logs. Our process ensures accurate logs in accordance with Medicare regulations and MAC requirements across the country.
Our team has extensive experience working with MACs nationally, helping clients meet the evolving procedural requirements necessary to ensure proper Medicare Bad Debt reimbursement — and defending those positions through audit if needed.
Traditional Bad Debts
Full log preparation and review with documentation substantiating reasonable collection efforts.
Cross-Over & Charity
Comprehensive coverage of Medicare/Medicaid crossover claims and charity write-offs.
MAC Audit Support
Representation and documentation support through the full MAC audit and appeal cycle.
Policy Compliance Review
Assessment of internal collection policies for alignment with current MAC standards.
Small inaccuracies in wage index reporting can cost a hospital hundreds of thousands of dollars annually — and compound year over year.
Accurate reporting of wage and benefit-related information on your cost report impacts a significant amount of Medicare payments for PPS hospitals. Strategic does not review your wages, benefits, contract labor, and home office information in isolation.
Our review incorporates benchmarking against other hospitals in your Core Based Statistical Area (CBSA) and other CBSAs throughout the country. We'll determine whether your reported labor information is consistent with competitors and in line with rising labor costs nationally. Strategic specializes in bringing together all hospitals in a CBSA to form a consistent approach — maximizing the wage index factor for everyone.
Every three years, Medicare requires hospitals to file an Occupational Mix Survey (OMS). The calculations are often misunderstood, and the impact is often significant. Unlike most consultants, Strategic reviews your OMS annually to assess whether adjustments are applicable — not just in filing years.
CBSA Benchmarking
Comparison of your wage data to peer hospitals within and across CBSAs.
CBSA Reclassification
Analysis of reclassification and urban-to-rural redesignation opportunities.
Occupational Mix Survey
Annual OMS review, not just triennial — because errors compound across years.
CBSA Collaboration
Facilitation of peer-hospital coordination to align reporting and maximize the CBSA index.
Accurate departmental square footage is the foundation of compliant overhead allocation — and it requires the kind of detail your staff rarely has time for.
Strategic will provide a comprehensive square footage report of your facility, including all documentation required by the MAC and others. Using updated blueprints and/or CAD drawings, we'll measure every square foot and cross-reference it to every department in your general ledger.
With many overhead departments using square footage as a statistical basis, accurate departmental assignments are imperative to achieving proper reimbursement and maintaining a compliant cost report. Our study stands up to audit and reflects CMS requirements precisely.
Experienced reimbursement leadership — on demand, on your timeline, and fully integrated with your team.
It is becoming increasingly difficult for hospitals to recruit experienced reimbursement staff to oversee the constantly changing regulatory environment. Strategic has the experience and perspective to meet this demand. Many members of our team have led reimbursement departments, served on large health systems' operational and financial teams, or acted as chief financial officers.
Our focus in an interim capacity is not just the completion of routine work — it's supporting your organization's mission, senior leadership, internal and external audit support, month-end and year-end close, contractual allowances, and third-party reserve reporting. These services evolve constantly to meet your needs.
Time without proper reimbursement departmental leadership is costly. We help mitigate problems and ensure a smooth transition when you're ready to bring on permanent staff.
Vacancy Coverage
Rapid deployment into leadership vacancies, operational immediately.
Seasonal Capacity
Additional experienced capacity during cost report season and audit surges.
Long-Term Engagements
Extended management of reimbursement operations for organizations of any size.
Transition Planning
Knowledge transfer and onboarding support when permanent staff is in place.
Over 40 years of successfully guiding hospitals through Provider Reimbursement Review Board appeals — large national cases and individual hospital actions alike.
Increasingly complex and ever-changing federal and state healthcare laws have resulted in an array of litigation reaching as far as the United States Supreme Court. The Provider Reimbursement Review Board and Medicaid agencies continue to make navigating the avenues to resolution — through appeal agencies or judicial review — a challenging task.
Strategic will not only help you identify all areas that should be appealed, but will guide you through the entire process ensuring all necessary procedures are followed to protect your appeal rights. We handle the filings, manage the deadlines, pursue administrative resolutions, and retain legal counsel — committed to being at your side from the initial request for hearing until you receive proper reimbursement.
Appeal Identification
Systematic review of cost report settlements to identify all appealable issues.
Filing & Deadlines
Full management of PRRB filing requirements and appeal deadline tracking.
Administrative Resolution
Pursuit of favorable settlement through administrative channels before formal hearing.
National Group Appeals
Participation in and management of large multi-hospital national appeals.
UCC reporting touches finance, patient billing, and IT — and CMS audits are increasingly rigorous. Strategic's approach spans all three.
With federal policy changes arising from the ACA, DSH payments are now predominantly based on a hospital's level of uncompensated care costs. The reporting requirements placed upon hospitals are putting a significant strain on resources.
Strategic has a designated UCC team to monitor CMS's evolving interpretation of uncompensated care costs and provide guidance on reporting. Our proprietary work plan involves not just the finance team, but also patient billing and IT/decision support — ensuring the proper policies and procedures are in place to meet audit standards. We bring peace of mind that your uncompensated care costs are accurately identified, appropriately documented, and ready for audit.
As regulations grow more complex, hospitals need ongoing guidance — not just annual help at cost report time.
It's increasingly important for hospitals to revisit internal policies and procedures as legislation changes. Without guidance, regulatory shifts can jeopardize reimbursement and create compliance exposure across multiple areas simultaneously.
Our involvement with hospitals across the country — in all spectrums of reimbursement — makes Strategic uniquely suited to provide this guidance. We help hospitals assess compliance, update internal processes, and build the institutional knowledge to stay ahead of regulatory changes.
Get In Touch
A 30-minute conversation with one of our senior consultants is the fastest way to find out.
(630) 530-7100 Send an Email