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It's Time for a Mid-Year Cost Report Check-Up

Does your agency have a December 31st fiscal year end?  If so, it's hard to believe we are more than half way through 2014.  Now is a good time to analyze mid-year expenses for the cost report so that you are not scrambling at year end.  Some of the key expenses that must be broken down by discipline are:

 

Salaries

If an employee is servicing more than one discipline/line of business, the related salary costs must be segregated, for example:

  • A home health aide is providing aide services and homemaking services
  • An RN is performing a skilled nursing visit for the home health agency and is also performing RN visits for the provider-based hospice

Travel

Contract Services

                                                                              

Hospice Series to Address CMS 2015 Hospice Wage Index Final Rule

As many providers are aware, CMS published the display copy of the 2015 Hospice Wage Index Final Rule on August 4, 2014.  The regulations will be published in the Federal Register on August 22, 2014, with implementation of most of the changes effective October 1, 2014.

Go to http://www.ofr.gov/OFRUpload/OFRData/2014-18506_PI.pdf to access the "Medicare Program; FY2015 Hospice Wage Index and Payment Rate Update; Hospice Quality Reporting Requirements and Process and Appeals for Part D Payment for Drugs for Beneficiaries Enrolled in Hospice...Final Rule".   


Premier Returns combines powerful technology with expert knowledge and resources to reduce administrative burden and optimize cash flow for home health and hospice agencies.  

 


 
Premier Returns offers outsourced Billing, Coding and OASIS Review to address common concerns that threaten financial performance, including:

  • Increased DSO
  • Decreased cash flow
  • Commercial insurance collection issues
  • Coding backlog
  • Significant training investments
  • Recruitment and retention issues 

Learn more at premier-returns.com or call 888-345-3947


for Home Care, Hospice and Private Duty
Square One Bootcamp, Hospice Sales Intensive Boot Camp, 
Sales Management Workshop
 
September 8-10, 2014
Courtyard by Marriott, Chapel Hill, NC
November 17-19, 2014
Hyatt Place Downtown, Nashville, TN

PlayMaker CRM and Simione Sales Mastery Training
Simione Sales Skills Integrated and Automated Exclusively for PlayMaker CRM users

September 29-October 1, 2014
Hyatt Place Downtown, Nashville, TN 

Interested in group training for your organization?  Contact Simione about on-site sales training and maximize our curriculum to fit your agency's unique training needs.

Transform Your Team For More Effective Referral Management