Medicare Cost Reports

Frequently Asked Questions

  • Q: How much do you charge for your services?
  • A: Outside of cost reporting preparation services, MFS services are outcome-based and therefore our fees are dependent on individual client needs. We will be happy to quote our flat rates for Medicare and Medicaid cost report preparation upon request. Note that economies of scale exist for multiple or chain report preparation. Ask us for a personalized quote today!

  • Q: What does your firm require to get started?
  • A: For new non-cost report client engagements we prefer to present our credentials and meet our clients in person. While this is not always possible, this allows us to identify each client's specific needs and expectations and allows us to provide a proposal that will meet or exceed these needs. For new cost reporting clients this initial meeting is optional.

  • Q: Do you require a retainer or payment in advance?
  • A: Depending on the nature of the engagement, we may or may not require a retainer to begin work. This decision is based on the size of the engagement, any prior history with the client, and the degree to which out-of-pocket expenses may be incurred.

  • Q: I am interested in having multiple reports prepared by Martus Financial Systems. Is there a discount for multiple reports?
  • A: Depending on the types of reports prepared and the number of reports you need, discounts may be available. We would be happy to provide you with a written quote

  • Q: Why does your firm require engagement letters (and where necessary, HIPAA business associate agreements) prior to beginning work?
  • A: These agreements are for the protection of our clients as well as our firm. When we sign our engagement letter, we commit to you the nature of the work we will perform AND the outcomes and/or end product you can expect to receive. HIPAA Business Associate Agreements are designed to protect health care organizations who deal with patient medical records and those businesses who provide services to health care organizations. In the highly unlikely event that we would need to view patient medical records, this agreement would meet or exceed current HIPAA regulations.