HBS — Healthcare Billing Services, Inc.
55 High Street, Carroll, Ohio 43112
Phone: (740)639-4218 • Fax: (740)639-4217
The Ohio Department of Education (ODE) has developed an indirect cost recovery plan for school districts that calculates two indirect cost rates that are used to get additional reimbursement from Federal Programs for certain fiscal costs. The restricted rate was the original rate developed for federal reimbursements focused on administration of federal grants and contracts. The unrestricted rate is used for Federal Medicaid programs and helps compensate for costs associated with the offices of the treasurer, human resources, and operations, as well as maintenance of plant services and other administrative and business support offices.
After completing your indirect cost rate report, HBS would then use the unrestricted rate on your MSP Cost Report to get your district additional Medicaid reimbursement.
Obtaining an Indirect Cost Rate is not a requirement of MSP or any other Federal Program, but it will help increase your MSP and other Federal Program revenue.
For MSP purposes, the ICR report benefits districts that have employed therapists. If the district services are all purchased, the ICR will not increase Medicaid revenue.
HBS is willing to file the ICR report for you, but we would need the following information from you to prepare the report.
Please include names of employees and their position
Please let us know if you would like us to prepare the ICR report and when we should be expecting to receive the data listed above. This is a great way to generate additional Medicaid revenue and we are committed to assisting you in any way that we can. If you have any questions, please let us know.
Please email data to: Nikki Poling (npoling@TeamHBS.com)