Michigan Nursing Home Administrator (NHA) Practice Exam

How long do Medicaid providers have to file a Michigan Statistical and Operating Cost Report?

1. 60 days from accounting year end

2. 90 days from accounting year end

3. 120 days from accounting year end

4. 180 days from accounting year end

The correct answer is: 90 days from accounting year end

In Michigan, Medicaid providers are required to file a Statistical and Operating Cost Report within 90 days from the end of their accounting year. This timeframe is crucial for ensuring that the state has accurate and timely data for financial analysis, reimbursement rates, and resource allocation for the Medicaid program. The 90-day deadline allows facilities sufficient time to prepare their financial statements and accurately report their operational costs, which helps maintain transparency and accountability in the program. Meeting this deadline is important for compliance with Medicaid regulations and for ensuring that the facility receives appropriate funding based on its reported costs.