We are glad to have you on board. To help you get started, we’ve prepared a series of guides for you. In this first guide, we’ll discuss an overview of what Absolute is and what you can do with it.
Note: This article is an introduction to the Absolute 2552-10 Hospital Cost Report application. If you wish to learn how to navigate through Absolute, please proceed to the Guides section or check out the article Absolute Quickstart Guide.
What is Absolute?
Absolute CMS Form 2552-10 Medicare Cost Report Workpaper Software is a web-based program designed to assist in the automation, storage, standardization, and accuracy of the entire cost report preparation process.
- Designed from the ground up by people who prepare more than 100 cost reports annually
- Replaces outdated, error-prone methods including manual spreadsheets and data entry
- Standardizes import of GLs, R&U, and payroll databases
- Allows definition of key data elements – accounting structure, job categories, earn codes, insurance plan codes, patient admit types, financial classification, etc.
- Creates links between detailed financial data to the 96 worksheets contained within the 2552-10 forms
- Provides complete audit trail housed within the system using uploaded pdf, xlsx or csv file types for supporting documentation
- Exports clean workpapers in xlsx or pdf format
- Offers integrated review checklist creating accountability and ensuring the quality of completed reports
A Powerful Feature Set
Absolute creates a consistent standardized preparation process. All definitions, filters, and structure from prior years can be carried over to future reporting periods saving 40 to 60 hours per cost report in manual data entry.
- Intuitive user interface
- Easy to use dashboard, walking users through the entire preparation process
- Intelligent tracking of all A-6 & A-8 updates applied back to the GL ensuring internal consistency
- Worksheet C, Settlement, and Sub-Component modules allow for easy development of crosswalks, direct assignments, customization, and review