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  • Each year Brooks Financial Strategies files Medicare and Medicaid cost reports for more than 150 clients nationwide.  We understand the attention to detail necessary for properly filing a cost report.

    Brooks Financial Strategies has been a leader healthcare industry accounting services nationwide for over 17 years.  We specialize in customizing financial statements and analyses for agencies in the healthcare industry.

    Brooks Financial Strategies will value your organization to determine the potential market value of the asset.

    Brooks Financial Strategies specializes in the healthcare industry, however we have a diverse clientele across a variety of industries.  We provide general accounting services and reconcile monthly financial data to produce financial reports.

    Brooks Financial is established on a foundation of excellence and continues to provide only the finest quality services to our clients.

    You have from today through December 31, 2010 to recover an additional six months of inaccurately billed revenue.  Brooks Financial Strategies will review all eligible PPS claims and determine if there are any unpaid (or additional) balances due for your agency.

    Before switching to Brooks we had no idea how much of our Accounts Receivable was not being collected. Now we have weekly reports allowing us to stay on track with our projections.

    Brooks Financial Strategies files tax return type 1120, 1120S and 1065. In our summary reports, we thoroughly explain the tax return and K-1 statement along with the pass through amounts and distributions given to the owners.

    Brooks Financial Strategies been able to successfully reinstate funding for agencies across the U.S. that have had their Medicare funds suspended.

    Brooks Financial Strategies been able to successfully reinstate funding for agencies across the U.S. that have had their Medicare funds suspended.

Medicare and Medicaid Cost Reports

Medicare and Medicaid Cost Report Specialists

For over 17 years, Brooks Financial Strategies has provided the most reliable cost reporting services in the industry.  We often work with financial accountants or CPA’s who complete the year-end financial statements for your agency.  These annual financial statements are then used to complete the Medicare or Medicaid cost report. We also work with healthcare providers to analyze costs per visit, revenue per visit, and break-even points. We compare healthcare agencies like yours to national state averages including nursing costs, therapy costs, administrative salaries, and net income.

Each year Brooks Financial Strategies files Medicare and Medicaid cost reports for more than 150 clients nationwide.  We understand the attention to detail necessary for properly filing a cost report. If a cost report is filed incorrectly, Medicare will stop future payments until the cost report is successfully filed.  Mistakes are costly. Of the thousands of cost reports delivered from our firm, Brooks Financial Strategies has never misfiled a cost report.

We file Medicare Cost Reports for healthcare agencies Nationwide. Our clients include:

  • Home Healthcare Agencies (HHA)
  • Hospice Agencies
  • Skilled Nursing Facilities (SNF)
  • Renal Dialysis
  • Federally Qualified Health Center (FQHC)
  • Rural Health Clinic (RHC)
  • Community Mental Health Centers (CMHC)
  • Physician Groups
  • Hospitals

Brooks Financial Strategies has worked with the following Medicare intermediaries:

  • Palmetto GBA
  • BC/BS of Illinois
  • National Government Services WI
  • Wellmark, Iowa
  • Cahaba, Louisiana
  • Trail Blazers, Texas

Latest Reminder Notification from CMS
Medicare Cost Report – Redesigned PS&R Access.
Centers for Medicare and Medicaid Services (CMS) designed and implemented a new Provider Statistical and Reimbursement (PS&R) system.  The new PS&R system is web-based and allows all users to access data specific to their organization.  CMS will NO LONGER send hard copy PS&R reports, and you must have a PS&R to file a Medicare cost report.

To access your PS&R, your must first register for a user ID and password with Individuals Authorized to Access CMS Computer Services (IACS).

To complete this registration, you must:

  1. Register on the CMS website
  2. Retrieve the confirmation email from iacs_support@cgi.com
  3. Mail a copy of CP5-75, Letter 14C, Federal Tax Coupon 8109A or a copy on IRS letter head, your business name and tax ID.  All letters must have the REQ number listed on top.
  4. Send your letter and documents via US Certified/Registered Mail because of PO Box delivery to:

External User Services,
PO Box 792-750,
San Antonio, TX 78216

If you need additional help, please call the CMS Help Desk:
866.484.8049, prompt 4