Understanding the context of a number or situation improves the precision of management’s decisions.
Context Is Everything: Knowing the Number Is Not the Same as Understanding It
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Profitability, and Operational Performance
Are You Solving the Problem—or Treating the Symptoms?
Why Organizations Often Wait Too Long to Seek an Outside Perspective Most organizations experiencing a persistent financial or operational problem are not doing nothing. Ownership and management may have spent months changing processes, adjusting staffing, reviewing...
Medicare Margins: How Does Your Agency Compare?
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...
What Your Financial Statements Are Trying to Tell You
Why revenue and bottom-line profit are not enough to manage a home health agency The financial figures in this article are approximate, and certain details have been generalized to protect client confidentiality. Several years ago, the owner of a Medicare-certified...