FQHC Revised Cost Reporting Periods

Wade Gallon, Healthcare Consulting Senior
May 2016

For cost report periods beginning on or after 10/1/14, freestanding FQHCs, as well as FQHCs previously reported as part of a SNF or HHA complex, will be required to file on the new Cost Report Form CMS 224-14. In light of the recent transmittal issued by CMS in regards to the new cost report, it is important for FQHC providers to be aware of filing deadlines based on their fiscal year end. CMS has scheduled the following due dates based on fiscal year end:

Fiscal Year End Date Original Due Date Revised Due Date
09/30/2015 02/29/2016 07/31/2016
10/01/2015 – 10/31/2015 03/31/2016 07/31/2016
11/01/2015 – 11/30/2015 04/30/2016 07/31/2016
12/01/2015 – 12/31/2015 05/31/2016 08/31/2016
01/01/2016 – 01/31/2016 06/30/2016 08/31/2016
02/01/2016 – 02/29/2016 07/31/2016 08/31/2016
03/01/2016 – 03/31/2016 08/31/2016 08/31/2016


It is important for affected providers to not only understand these deadlines produced by CMS, but also to be attentive to guidance provided by your Medicare Administrative Contractor (MAC). It is also important to keep in mind the implications of these changes to the Medicaid cost report filing, if there are any. FQHC providers should also familiarize themselves with the new published cost report version to ensure they obtain the information necessary to accurately complete the report and remain in compliance.

If you have any questions, please call your BNN service provider at 1.800.244.7444.

Disclaimer of Liability: This publication is intended to provide general information to our clients and friends. It does not constitute accounting, tax, or legal advice; nor is it intended to convey a thorough treatment of the subject matter.