Will you prepare a budget to better manage the upcoming year—or miss the opportunity and later wonder why your agency underperformed? For most calendar-year home health agencies, serious budgeting for the upcoming year should begin around October 1. But if your agency...
Overutilization of resources in home health is a hidden expense for the agency and a drain on profitability. Minimizing overutilization is one of the easiest ways to improve an HHA’s profitability, but you need to know how to identify and address it effectively.
Even doing a limited budget is better than not doing a budget at all.
It may be hard to believe, but the home health industry utilized more business and financial fundamentals 25+ years ago than what it utilizes today. That seems backward, because logic would dictate that as an organization/industry matures, its utilization of business...
The use of financial fundamentals in home health will help leadership to better understand the agency and achieve greater profitability.
Budgeting is a vital, but underutilized business fundamental that would help any home health agency to improve their operational results.
Case-Mix Weights are a numeric representation of a beneficiary’s acuity level, The greater the Case-Mix Weight, the greater the acuity. The Case-Mix Weight is used by CMS to help allocate resources ($) for the care of any given beneficiary.
this post is about budgeting and forecasting in the home health industry
This is a brief overview of the changes to the LUPA Threshold under PDGM.
Proper patient-budgeting probably has the potential to make the quickest and biggest impact on your bottom-line. Since we in home health must continue to do even more with less, becoming more efficient and cost effective is a MUST for survival and growth. Powerful...