A bill to amend the Social Security Act and the Public Health Service Act to require the use of a uniform functional accounting and statistical system and the making of uniform reports by health services institutions under the medicare and medicaid programs.

Amends the Public Health Service Act to direct the Secretary of Health, Education, and Welfare to establish by regulation a uniform functional accounting system and statistical system for the purpose of calculating the reasonable cost of services provided by health services institutions.

Amends Titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to require providers of services to use such uniform accounting and statistical systems in determining the cost of services provided under the provisions of such Titles.