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.
Choosing an improper cost accounting methodology is one of the most common errors when preparing an agency’s Medicare Cost Report.
this post is about budgeting and forecasting in the home health industry
The Home Health Cost Report The Home Health Medicare Cost Report is a document that must be completed and filed annually by all home health agencies (HHAs). Failure to do so can result in the termination of all cash-flows from the Medicare program and can also...
There was a fairly significant change to the Medicare Home Health Cost Report for 2016. Do you know what that change was? Worksheet S-2-1 Worksheet S-2-1 is new to the Home Health Cost Report for CY 2016 (i.e., a fiscal year-end of 12/31/16)....
Do HH PPS Payment Rates Impact Your non-Medicare Profitability? Home Health (HH) PPS payment rates to the industry are updated every year by the Centers for Medicare and Medicaid Services (CMS). How often are your non-Medicare payment rates updated? If your Home...