Certified Hospital Cost Report Specialist (CHCRS)

Earning the Certified Hospital Cost Report Specialist

This training program includes an in-depth presentation of key components of hospital cost reporting, designed to equip participants with a comprehensive understanding of the financial processes and regulatory requirements involved. Additionally this course will provide strategies for you to consider and special classification scenarios your organization may qualify for that are intended to provide increased reimbursement based on your organizational characteristics. The program is recommended for and includes CFOs, controllers, reimbursement managers, directors and staff, accounting and finance staff, cost and budget staff, and consultants.

Program Enrollment

The CHCRS designation is earned and awarded upon successful completion of two prerequisite courses, hospital cost report training and CHCRS exam. The Certified Hospital Cost Report Specialist (CHCRS) Training completion may be purchased as a package.

Total Member Cost: $349 
Includes:

• Prerequisite Courses (2)
• HFMA Hospital Cost Report (CHCRS) Online Training
• HFMA Hospital Cost Report (CHCRS) Exam

Non‑Member Cost: $947 
Includes:

• Prerequisite Courses (2)
• HFMA Hospital Cost Report (CHCRS) Online Training
• HFMA Hospital Cost Report (CHCRS) 

Enroll in the applicable package above and follow the steps below to earn the CHCRS..

Step 1: Complete the two CHCRS program prerequisite courses.
These courses can be taken in any order. A certificate is awarded on completion.

• Prerequisite Course: Medicare Outpatient Reimbursement Fundamentals
• Prerequisite Course: Medicare Inpatient Reimbursement Fundamentals

Step 2: Next,complete the hospital cost report training.

• Complete the HFMA hospital cost report online training course

Step 3: Successfully complete the CHCRS exam.
When you successfully complete the exam, you will be awarded the CHCRS CPE certificate, digital badge, and designation.

Additional Certified Hospital Cost Report Training

In addition to the HFMA online hospital cost report training users may consider completing the Forvis Mazars led virtual cost report training. Details can be found here: forvis.com/events. Cost: Fees apply.

CHCRS Learning Objectives

• Understand the purpose of the cost report and its role in determining payments.
• Examine all the primary cost report worksheets.
• Understand the Medicare cost report settlement and the various settlement components.
• Explore the key factors in determining which Medicare Special Designations apply to your organization
• Identify various clinic types as well as strategies and advantages/disadvantages to your organization

Course Outline

• Course 1 – Hospital Cost Report
• Course 2 – Cost Report Overview
• Course 3 – Worksheet A 
• Course 4 – Worksheet B Part 1 and Part B-1
• Course 5 – Worksheet C 
• Course 6 – Medicare Payment Methodologies 
• Course 7 – Medicare Special Designations 
• Course 8 – Other Worksheets 
• Course 9 – Wage Index 
• Course 10 – Clinic Strategies 
• Course 11 – Understanding the Cost Report Submission and Settlement Processes

CHCRS Maintenance Requirements

HFMA members who have earned the CHCRS designation must maintain their certification every two years. To re-certify as a CHCRS you must review the CHCRS recertification course materials and successfully complete a short online assessment. Learn how to maintain your certification.