Documentation Discrepancies: The Hidden Culprit Behind Payment Delays
In home healthcare, it’s important to get your patient’s medical record in order. Beyond filling out forms, accurate documentation affects your ability to take good care of your patients and make sure you’re able to collect on your billings. Based on an article by Kaiser Foundation , an average of 17% of claims get denied, […]
How to Reduce Employee Turnover in Healthcare
High employee turnover in home healthcare can be a major pain point for agencies in terms of morale and workload. According to the Center for American Progress, high turnover rates can cost you between 16% to 213% of the leaving employee’s salary. This factors in recruitment, training, and lost productivity. This revolving door also disrupts your Revenue Cycle […]
Improving RCM: Tackling 9 Home Healthcare Billing Errors and Maximizing Claims Reimbursement
Medical billing errors pose a significant challenge to your home healthcare agency. It directly affects your profitability. It also complicates your ability to cover costs like salaries and utilities. Addressing these billing errors demands administrative effort and resources. You need to dedicate staff time to identify and correct errors. You’ll need to re-submit claims, and […]
Expert Insights: Ways to Improve Revenue Cycle in Home Healthcare
Revenue cycle management (RCM) is pivotal in managing the financial aspects of patient care services. By ensuring healthcare organizations are paid on time and in full, effective RCM helps maintain a stable revenue stream and manage cash flow, resulting in a steady and predictable income. However, one persistent challenge is delayed reimbursements, which can severely […]
