Current Report Articles
CMS Releases New FAQs on Treatment of COVID Funding on Medicare Cost Report

Medicare (Aug. 28, 2020) – On Aug. 26, the Centers for Medicare & Medicaid Services released an updated FAQs to Medicare providers regarding the Department of Health & Human Services Provider Relief Fund and the Small Business Administration's Paycheck Protection Program payments and the impact on the Medicare Cost Report. In addition to other clarifications, the FAQs specifically address that the SBA Loan Forgiveness amounts should not offset expenses on the Medicare Cost Report (see question 5 on page 100).

The Kansas Hospital Association has reached out to Wisconsin Physicians Service, our Medicare contractor, and confirmed that WPS would release information as soon as it is received from CMS.
--Tish Hollingsworth