Home Health & Hospice Week
Beware Form 1099 Problems At Tax Time
With the April 17 deadline for filing federal taxes coming up, it may be time to revisit problems with the federal 1099 form issued by your intermediary, or risk paying too much in taxes. The 1099 form reports payments received from Medicare, notes FR&R Healthcare Consult-ing in Deerfield, Ill in a newsletter. Providers served by HHH MAC report discrepancies between the amount on this form and cash payments they actually received. In a Palmetto GBA Home Health Coalition Meeting question-and-answer set from March 2010, a participant noted that the form grossly overstates revenues. Cases the accountant cited had the amount of overpayments overstated by as much as 10 percent, according to the Q&A. Home care providers continue to see this problem with their 1099s this year, cautions consultant Tom Boyd with Rohnert Park, Calif.-based Boyd & Nicholas. "This is a problem for most providers," Boyd tells Eli. The March 15 deadline for asking Palmetto to correct the 1099 form for this year has passed. But "if you had any offset activity or refunds for overpayments during the reporting year ... Palmetto GBA recommends reporting the discrepancy as an adjustment on your tax return to ensure that your taxable income will not be overstated," advises Miami, Fla., financial services firm NMP Profes-sional Services Inc. on its website.
Home Health & Hospice Week
- Fraud & Abuse:
6 Tips To Handle Patients From Troubled Referral Sources
CMS releases list of 78 HHAs suspended. It could be your worst nightmare: A referral [...] - Budget:
Copay Pressure Increases, Thanks To MedPAC Report
The home care industry's high profit margins grab national attention. Home health agencies' chances of [...] - Therapy:
Use OASIS To Turbocharge Your Therapy Documentation
These M0 items can help beef up clinical records in case of medical review. Your [...] - Utilization:
If You're Located In One Of The Places On This List, Expect Extra Scrutiny
Texas leads the pack with 11 of the 25 highest utilization counties. The Medicare Payment [...] - Industry Note:
Providers Get Another 3-Month 5010 Delay
Expect more technical assistance with the new claim format. Right after confirming that implementation of [...] - Industry Note:
CMS Sets April Dates For Hospice Quality Reporting Training
Mark your calendars for a free opportunity to find out about Medicare's hospice quality reporting [...] - Industry Note:
23 Organizations Added To Community Transitions Project
CMS is putting more money where its mouth is when it comes to preventing unnecessary [...] - Industry Note:
Appeals Results Bring Down CERT Error Rates, OIG Says In New Report
The Medicare program's payment error rate may not be quite as bad as it first [...] - Industry Note:
Beware Form 1099 Problems At Tax Time
With the April 17 deadline for filing federal taxes coming up, it may be time [...] - Industry Note:
Neglect CAHPS Participation At Your Financial Peril
Unless you want to receive 2 percent less in Medicare payments in 2014, you'd better [...] - Industry Note:
Troubleshoot 31503 Claim Returns With This New Tool
You can tap a new tool from HHH MAC CGS to help with a common [...] - Industry Note:
Hospital Launches Own Home Health Agency
You might want to improve your response time to referrals, or face increased competition. Case [...] - Industry Note:
Tarheel State To See New Hospice Facility
The number of inpatient hospice facilities continues to grow. In Newport, N.C., the state has [...] - Industry Note:
Code Nonroutine Supplies Accurately Or Risk PPS Rates
Policymakers soon will begin the process of "rebasing" PPS rates. Will you get enough credit [...]
