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HOME HEALTH AND HOSPICE FORECAST:

Diligence with the Right Data Will Address Areas of High Pressure to Weather Future Storms

 

Faced with an active stream of competition and a high probability for integration, today's successful home care and hospice organizations are addressing industry issues with greater scrutiny over their operations and new benchmarking tools to understand the strategies that drive financial performance.  According to David J. Berman, Principal, Simione Healthcare Consultants, many high-pressure situations can be minimized if home care and hospice organizations use feedback from key performance indicators and benchmarks to make critical business decisions.  


COST REPORT UPDATE:

Non-Routine Medical Supplies (NRS) - Are You Recording Them Correctly?

 

Line 12, Worksheet A of the Medicare Home Health Agency Cost Report calls for the reporting of medical supplies.  Knowing what is and what is not considered under these costs will help you in how you record them in your general ledger and ultimately report them on the Cost Report. 

 

The Medical Supplies to be reported on line 12, as stated by CMS, are "those supplies that are not routinely furnished in conjunction with patient care visits and which are directly identifiable services to an individual patient." (CMS Pub. 15-2 1703)  

Accelerate Your Referrals 

Join us for our highly acclaimed Square One Boot Camp, Hospice Intensive Boot Camp and Sales Management Workshop.  Dates include September 8-10 in Chapel Hill, NC, and November 17-19 in Nashville, TN. Our exclusive sales training for PlayMaker CRM users will be held in Nashville on September 29-October 1, Link

Your Revenue Cycle Optimized 

Premier Returns combines powerful technology with expert knowledge and resources to reduce administrative burden and optimize cash flow for home health and hospice agencies.  Let us help you address common concerns that threaten your financial performance with outsourced billing, coding and OASIS review solutions. Link

Budget, Benchmarks and More

Join us for webinars in September and October that will help you: learn about the new hospice cost report; maximize your budget process; and boost your financial decision-making and profitability. Simione's team of experts offers a wealth of information to help you succeed as leading providers of health care at home! Link