Your agency’s financial statements report its expenses. But how clearly do they reveal the decisions, practices, and recurring problems that drive those expenses? They generally do not. Payroll tells you what your employees cost. Mileage reimbursement tells you what...
The Case-Mix Planner (CMP) was designed to help clinicians develop patient-specific Plans of Care (POC) in a most efficient and effective manner, to help achieve high-quality patient care and good patient outcomes.
A lower cost per visit can look like evidence of greater efficiency. But what does that visit accomplish—and how many visits are needed to achieve the desired result? In my recent article, “Do You Know What It Costs Your Agency to Make a Visit—Today?”, I emphasized...
For too long too many HHAs have relied on their MCR to identify the costs per visit (CPVs) throughout the year. This is not a sound business practice as all HHAs should be calculating their CPVs shortly after they close their books each month.
Innovative Financial Solutions for Home Health is pleased to announce the release of the newly revised and expanded Case-Mix Planner™ (CMP)—formerly known as the Resource Planner. The CMP was originally designed—and has continued to evolve—to help home health agencies...
Is your Hospital-Based HHA Underperforming, or just misunderstood? Sometimes the hospital overhead allocation can distort the agency’s results.
The best agencies do not choose between providing excellent patient care and achieving strong financial results. They understand that long-term success requires both.
Understanding the context of a number or situation improves the precision of management’s decisions.
Medicare Margins and you. Your home health agency generated a positive Medicare margin last year. Is that good? It is certainly better than a loss. But a positive Medicare margin does not necessarily mean an agency is performing well. Suppose your agency generated a...
The Hospice PEPPER examines Medicare claims and payment patterns that CMS believes may warrant additional attention. It doesn't tell you that something is wrong. It helps identify where you may want to ask questions—and where your hospice may have potential exposure...