Cost Reports Sample Clauses

Cost Reports. OWNERS shall prepare and file or cause Current Manager to prepare and file with the appropriate Medicare and Medicaid agencies its final cost reports in respect to its operation of the Facilities as soon as reasonably practicable after the Closing Date, but in no event later than the date on which such final cost report is required to be filed by law under the terms of the Medicare and Medicaid Programs, and will provide the appropriate Medicare and Medicaid agencies with any information needed to support claims for reimbursement made by OWNERS either in said final cost report or in any cost reports filed for prior cost reporting periods, it being specifically understood and agreed that the intent and purpose of this provision is to ensure that the reimbursement paid to NEW OPERATORS after it becomes the licensed operator of the Facilities is not reduced or offset in any manner as a result of OWNERS’ failure to timely file such final cost reports or such supporting documentation with respect to any past reimbursement claims, including, but not limited to, those included in the final cost reports. OWNERS shall promptly, and in any case at least ten (10) days prior to filing, provide NEW OPERATORS with copies of such reports and supporting documentation. The parties acknowledge that 13 CSR §70-10.015(10)(E) sets forth certain provisions concerning a change in ownership of a provider certified for participation in the Medicaid Program, and that pursuant to 13 CSR §70-10.015(10)(E), the Kansas Department of Social Services, Division of Medical Services (“KMS”) will withhold certain Medicaid reimbursement amounts unless KMS receives assurances satisfactory to KMS that the final Medicaid cost report of OWNERS will be filed on a timely basis. To that end, the parties wish to provide KMS with such assurances satisfactory to KMS pursuant to 13 CSR §70-10.015(10)(E) and hereby agree to execute an agreement in the form of EXHIBIT B by and among OWNERS, NEW OPERATORS and KMS (“KMS Agreement”) and to file such Agreement with KMS or request a waiver of the closeout cost report pursuant to 13 CSR 70-10.015(10)(A)10.B(III).

Cost Reports. SHARS participants are required to submit annual Cost Reports to the Health and Human Services Commission (“HHSC”). Onward will provide consulting services to assist Customer in its preparation of the Cost Reports in accordance with the terms set forth herein. Customer may elect to opt out of full Cost Report services and select minimal Cost Report services by indicating this election on the form attached hereto as Exhibit C. The form must be executed and delivered to Onward on or before the Effective Date for the election of minimal Cost Report services to be effective. (1) Full Cost Reports services will include Onward’s management of the preparation of the Cost Report. Onward shall prepare (i) the IEP ratio; (ii) the special transportation IEP student count; and (iii) the specialized transportation one-way trip ratio. Onward shall provide audit support services and consultation services. (2) If Customer elects to opt out of the full Cost Report services, Onward will only provide minimal Cost Report services, which will be limited to Onward’s preparation of (i) the IEP ratio for data in the Onward system; (ii) the special transportation IEP student count for data in the Onward system; and (iii) the specialized transportation one-way trip ratio for data in the Onward system. Onward will not be responsible for retrieving data from any sources other than ▇▇▇▇▇▇’s SHARS software. No audit services or consultation services will be provided if Customer elects the minimal Cost Report services. (3) For Cost Reports related to fiscal years which pre-date this Agreement or Customer’s engagement of Onward, if Customer chooses to utilize Onward’s Cost Report services, Customer may only elect full Cost Report services and Customer will not have the option of selecting minimal Cost Report services for such reports. Customer must advise Onward of its intent to utilize Onward Cost Report services for pre- Agreement fiscal years, by indicating its choice on the form attached hereto as Exhibit C. The form must be executed and delivered to Onward on or before the Effective Date. (4) Notwithstanding any termination or expiration of this Agreement, Customer shall be obliged to pay Onward as provided in Exhibit A for Cost Reports to be submitted after the termination or expiration of this Agreement if the Cost Report relies on any claims data (i) for claims that were prepared (partially or otherwise) or submitted by Onward during the term of the Agreement; or (ii) maintained ...

Cost Reports. Sellers, at their expense, shall prepare and timely file all terminating and other cost reports required or permitted by law to be filed under the Medicare and Medicaid or other third party payor programs and the State Health Agency for periods ending on or prior to the Effective Time, or as a result of the consummation of the transactions described herein (“Seller Cost Reports”). Upon the reasonable request of Sellers, Buyers shall reasonably cooperate with Sellers in providing certain information needed by Sellers when preparing any Seller Cost Reports, including, but not limited to, completion of Sellers’ standard hospital data collection template, invoice and general ledger analysis, and other documentation historically prepared by the Hospital for cost reporting purposes. If requested by Sellers, the applicable Buyer shall include the applicable Seller’s Medicare bad debts that are returned from collection agencies subsequent to the Closing Date on the applicable Buyer’s cost report for the respective period to which the Medicare bad debt relates. Sellers shall provide detailed supporting information, as required by Medicare regulations, for the Medicare bad debt account amounts to be included on the applicable Buyer’s Medicare cost report. The applicable Buyer shall forward to Sellers any and all correspondence relating to the Seller Cost Reports within five (5) business days after receipt by such Buyer. The applicable Buyer shall remit any receipts of funds relating to the Seller Cost Reports or to Sellers’ Medicare bad debts included on a Buyer’s cost report promptly after receipt by such Buyer and shall forward to Sellers any demand for payments within three (3) business days after receipt by such Buyer. Notwithstanding anything to the contrary in this Agreement, Sellers shall retain all rights to the Seller Cost Reports including any amounts receivable or payable in respect of such reports or reserves relating to such reports and all liabilities relating thereto. Such rights shall include the right to appeal any Medicare or Medicaid determinations relating to the Seller Cost Reports. Sellers shall retain the originals of the Seller Cost Reports, correspondence, work papers and other documents relating to the Seller Cost Reports. Sellers will furnish copies of such cost reports correspondence, work papers, and other documents to any Buyer upon request.

Cost Reports. The Department will annually notify Provider of the cost report template to be used and provide instructions and a due date for submission in order for Provider to be eligible for an Interim Rate the next Rate Year.

Cost Reports. Prepare and file all applicable cost reports to all third-party payors, if any, to the extent required by any such third-party payor and, within thirty (30) days thereafter, notify the Administrative Agent of any settlement of any cost report disclosed to the Administrative Agent as being open or unsettled as of the Closing Date to the extent any such cost report would have a materially adverse effect on the Borrowers.

Cost Reports. Upon the request of Landlord and no more than once in each calendar year, Tenant shall furnish to Landlord complete and accurate copies of the most recent annual Medicaid and Medicare cost reports for the Facilities and any and all amendments filed with respect to such reports and all responses, audit reports or inquiries with respect to each such report.

Cost Reports. If applicable, file, or cause to be filed, all Medicare and Medicaid cost reports that are required to be filed after the Closing Date, without regard to any extensions, pursuant to all applicable Legal Requirements. Any liability of Seller required to be paid as a result of any such cost report for any period prior to the Closing Date shall be paid by Seller. Purchaser shall cause any refund which may be received after the Closing Date as a result of any such cost report to be paid to Seller;

Cost Reports. 64 Section 7.28

Cost Reports. Transferor shall timely prepare and file with the appropriate Medicare and Medicaid agencies any final cost reports with respect to its operation of the Facility which are required to be filed by law under the terms of the Medicare and Medicaid Programs. New Operator acknowledges that Medicare Part A coinsurance receivables from dates of service prior to the Closing Date exist and agrees that to the extent the information is provided to the New Operator so that it may accurately reflect the information in the filing to (i) report any uncollectible amounts (i.e., “Medicare Bad Debts”) from the Transferor’s dates of service on its initial Medicare cost report and any subsequent cost reports if needed and (ii) if the New Operator receives payment on the Medicare Part A Bad Debts that are from the Transferors dates of service, the New Operator will reimburse the Transferor for these amounts at such time as the Transferor provides a schedule of the Medicare Bad Debts and supporting documentation to the New Operator.