The Medicare Cost Reporting (MCR) Module from Dynafios is designed to streamline the complex process of Medicare cost reporting for organizations that participate in programs like transplant services, pastoral care, and other specialty services. Developed in partnership with a leading Midwest university, this module helps healthcare organizations ensure compliance with government regulations, maximize reimbursements, and reduce the administrative burden.
The Medicare Cost Reporting Module within Dynafios is an integrated tool that simplifies the management of Medicare time studies and reimbursement. This solution automates the collection and reporting of provider compensation data, ensuring compliance with Medicare’s stringent regulations while improving operational efficiency. With this module, healthcare facilities can be confident that their time studies are accurate, audit-ready, and compliant.
MCR is a crucial process for healthcare organizations, particularly those that provide specialized services like teaching, transplant, and pastoral care. To qualify for additional Medicare revenue, organizations must undergo a certification process and conduct an annual time study to track provider activities. This time study helps organizations capture the full extent of their work, ensuring they receive appropriate compensation for their services.
The MCR process is essential for maximizing the reimbursement an organization receives from Medicare. The more accurate and complete the time logging, the higher the potential revenue.
The Dynafios Medicare Cost Reporting (MCR) Module offers a comprehensive solution for healthcare organizations to track time studies, submit accurate data, and ensure compliance with Medicare regulations. Here’s how we can help:
For every provider participating in the time study, there is potential revenue. Missing even a few participants can result in lost funding. Dynafios makes it easy to ensure 100% participation in the time study, with automated reminders and visual cues to track who has logged their hours and who has not.
Gone are the days of paper logs or scattered spreadsheets. Our platform provides an efficient way to log hours for each participant during the required time study weeks. With the mobile app, users see color-coded weeks and cannot log time outside the designated study period. When hours are logged, the color changes from orange to green, providing an intuitive visual cue for staff to know when they’ve successfully submitted their time.
Our analytics dashboard shows who has and hasn’t submitted their time, ensuring full participation. This visibility helps finance departments track progress and verify that all required participants have submitted their time studies. Customizable reporting allows you to focus on the data that matters most to your team, whether it’s tracking submissions or ensuring compliance across departments like pastoral care, transplants, and more.
At the end of the period, the MCR Module generates reports based on the Medicare time studies, including all necessary calculations like pre- and post-transplant hours. These reports are fully automated, saving your team time and effort. Instead of manually calculating hours, Dynafios does it for you, creating an accurate, ready-to-submit report.
Dynafios integrates smoothly into your existing systems and can be customized to fit your needs. Whether you are working with transplant, providing physician training, or offering any other specialty service, our MCR Module can adapt to track time studies across multiple departments and ensure compliance.
The Dynafios Medicare Cost Reporting Module was developed in collaboration with a U.S. university hospital to address the unique needs of healthcare organizations involved in Medicare cost reporting. The University has been using the module for more than a year, and they’ve seen firsthand how it reduces errors, saves time, and maximizes reimbursement.
The Dynafios Medicare Cost Reporting Module offers a comprehensive solution to help your organization save time, reduce errors, and stay compliant. Whether you’re looking to automate time studies or ensure audit-readiness, Dynafios has the tools you need to simplify and improve your reporting process.
Contact us to schedule a demo and see how Dynafios can revolutionize your Medicare time studies.
