Coding

5 key elements to revenue cycle management in home health & hospice

2019-10-25T01:17:00+07:00May 24, 2019|Archive, Best Practices|

Effective home health and hospice Revenue Cycle Management (RCM) allows you to maintain financial stability, so you can reinvest in growing your agency and serving your patients. Key components to a healthy revenue cycle management cycle include first pass clean claim rates, faster turnaround on claims, quick resolution of ADRs and denials, and tight follow-up and

Tips to improve your healthcare revenue cycle management

2019-10-25T01:17:21+07:00May 5, 2019|News|

In the healthcare industry, “revenue cycle” refers to the process by which providers get paid for the work they do. Managing this process includes keeping track of claims at every stage, making sure payments are collected, and addressing denied claims. Healthcare revenue cycle management (RCM) helps to make this process more efficient by decreasing the

5 benefits of working with remote home health coding companies

2019-10-25T01:29:29+07:00March 10, 2019|News|

Between the growing number of coding changes, the sheer volume of codes to choose from, and unplanned employee absences, your coding can take significant time, often resulting in a backlog. Taking advantage of the expertise offered through remote home health coding companies can help you turn around accurate claims quickly. Here are some benefits of

3 home health care coding habits that can hurt your agency

2019-10-25T01:21:56+07:00March 7, 2019|News|

Your agency relies on accurate, efficient home health care coding for timely, accurate reimbursement. Many agencies suffer from a few common coding issues that can seriously hurt them. And with ICD-10, many coders have found themselves overwhelmed, relying on techniques to ward off productivity problems, often at the expense of accuracy. Here is a list

Peak Performance: Four Ways to Work Toward Financial Success

2019-02-28T22:46:22+07:00October 26, 2018|News|

Is your home health or hospice agency achieving peak performance when it comes to your financial operations? While you might be surviving and maybe even thriving, there could be opportunity for you to improve. Here are four things that home health and hospice agencies should do to achieve peak performance. Define Peak Performance How do you

Four Ways to Cut Home Health and Hospice Administrative Costs

2018-10-12T01:34:55+07:00October 12, 2018|News|

Administrative costs account for 1/3 of healthcare expenditures in the United States. While this number takes into account many other types of healthcare, home health and hospice administrative costs were included in this often cited and quite comprehensive study published in the New England Journal of Medicine. In fact, CMS recently introduced regulatory changes to

2019 ICD-10-CM Codes Released: What You Need to Know

2018-07-27T18:34:45+07:00July 27, 2018|News|

On June 11, 2018, the Centers for Disease Control and Prevention (CDC) released the FY 2019 ICD-10-CM code changes. There are 473 code changes, including 279 new codes, 143 revised codes, and 51 deactivated codes. These codes are to be used from October 1, 2018 through September 30, 2019. What is included in the 2019

How Hospice Management Solutions Can Make Your Job Easier

2018-06-08T18:37:09+07:00June 7, 2018|News|

Managing a successful hospice agency is no simple task. It involves many processes aimed at streamlining workflow, effectively managing employees, accurately and securely completing paperwork, all while providing patients and their loved ones with the highest quality of care. With so many elements involved, it can be easy to become overwhelmed. However, when you partner

Making Home Care Coding a Priority for Your Agency

2019-02-28T23:00:18+07:00October 5, 2017|News|

Home care coding has emerged as an important part of the home health and hospice value chain. Industry regulations surrounding Medicare payments are becoming increasingly tied to how care is coded. Agencies must efficiently and accurately track operations to maximize revenue. Poor coding can lead to regulatory scrutiny, billing challenges, and financial troubles for any