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.
The use of financial fundamentals in home health will help leadership to better understand the agency and achieve greater profitability.
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.
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...