Management & Financial Services
With ever changing regulations and reimbursement models, one of the biggest struggles facing home health and hospice agencies is to remain financially viable.
Healthcare Strategies has a proven track record of working with hospital-based and free standing agencies to improve operational and financial performance without jeopardizing patient care. Our customized solutions assist agencies in maintaining accurate financial reporting, identifying areas of risk, developing plans to maximize reimbursement under PPS or developing other payer specific plans, improving back office processes, and strengthening the revenue cycle.
Through in-depth review and analysis, we can isolate areas of risk or failure and work with your agency to engineer plans for future success.
Healthcare Strategies partners with your agency to identify, address, and overcome issues such as:
- Increasing aged accounts receivable
- Backlogs in incomplete documentation
- Decreasing census and referral loss
- Over utilization of services or supplies
- Reduced productivity and staffing problems
- Revenue reductions and out of control expense
- Labor cost out of line with revenue
Value-based care is a form of reimbursement that ties payments for care delivery to the quality of care provided and rewards providers for both efficiency and effectiveness. This form of reimbursement has emerged as an alternative and potential replacement for fee-for-service reimbursement which pays providers retrospectively for services delivered based on bill charges or annual fee schedules.