According to CMS data, the number of Medicare certified home health care agencies now exceeds 11,000. New research into that data by Healthcare Market Resources has brought to light a new and better way of understanding the general health of the Medicare home health care industry in an era of healthcare reform. It also helps to explain why the industry’s software vendors seem to be scratching their heads over the phenomenon of growing numbers of agencies but flat sales.
More than the latest buzzword, Revenue Cycle Management is a philosophy for running a business. In today’s Medicare, Medicaid, Private Duty and non-skilled homecare services businesses, managing revenue from beginning to end means improving compliance as much as it means ensuring complete and accurate billing processes and A/R follow up procedures.
How to manage is the third component of the P-E-M approach to dealing with RACs. It may be inevitable that hospices, perhaps yours, will eventually receive a demand letter or request for records from the contractor at work in your region. As soon as a communication from a RAC is received, time is of the […]
