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.
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...
Most home health agencies know their revenue each month. They know their expenses. And they know the resulting net income or loss. In other words, they see the top line, and they see the bottom line. But how well do they understand everything that happened between...