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HEALTH TERMS - BASE YEAR COSTS

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BaseYearCost_July 2009.jpeg

Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for HealthCareTerm.jpgWhat is Base Year Costs?

Definition: In Medicare, the amount a hospital actually spent to render care in a previous time period. Depending on the hospital's Medicare cost reporting period, the base year was the fiscal year ending on or after September 30, 1982 and before September 30, 1983 for hospitals in operation at that time.

Recent legislation has made dramatic changes in cost reporting opportunities for healthcare providers, limiting these reimbursements.



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