Common use of Medicare and Medicaid Cost Reports Clause in Contracts

Medicare and Medicaid Cost Reports. The City shall timely file all Medicare and Medicaid cost reports for all cost reporting periods with respect to the Hospital prior to the Effective Time for which the deadline for filing will arise after the Closing Date in accordance with all applicable Laws. The City shall be liable for any Medicare or Medicaid overpayments or any other financial obligations arising from any adjustments or reductions in Medicare or Medicaid reimbursement for the period of time prior to the Effective Time or for any other obligations imposed by either the Medicare or Medicaid program for the period of time prior to the Effective Time.