Solving home health financial challenges
A good information system is key
When asked about financial issues that affect their agencies, many home health managers might talk about billing, rejected claims, or collection of past-due bills. In reality, the key financial issues faced by home health agencies are not always related to the dollar amount tied to specific patients, episodes, or visits, according to experts.
Retention and recruitment of staff, competition in the marketplace, productivity, and information systems are all issues that affect the financial success of any agency, says Steve Telles, CPA, home health financial consultant with Management Consulting Services in Albuquerque, NM. Home health agencies also are dealing with decreasing margins due to increased costs, which include …
No comments:
Post a Comment