Financial Management Conference Continues with General Sessions, Workshops
July 31, 2013 08:31 AM
The Second day of the National Association for Home Care & Hospice (NAHC) and the Home Care & Hospice Financial Managers Association (HHFMA)’s Financial Management Conference and Exhibition included an in-depth look at many of the issues that are affecting the bottom line of home care and hospice agencies – with a particular focus on the political and regulatory changes that are having a broad impact across the home care and hospice community.
The first General Session of the day was entitled, “HHFMA Leadership Panel – the Future Belongs to Home Carer and Hospice.” The panel included home care and hospice leaders from a diverse group of organizations in terms of both their geographic make up as well as their size. The panel was moderated by William Dombi, NAHC’s Vice President for Law and Executive Director of the HHFMA.
One of the key issues that the panel discussed was the role of home care and hospice agencies in the transition to both ACO and post-acute bundled payment models. While there was some debate over which model would be more beneficial to the home care and hospice community, there was general agreement that in both ACO and post-acute bundling, home care needs to be both wholly integrated into the model as well help with overall care coordination.
During the second General Session, “Healthcare Leadership Pane – the Views of Health Care Industry Stakeholders,” where healthcare professionals outside of the home care and hospice community shared their thoughts on the continued importance of home care and hospice in the changing healthcare landscape. “The hospital industry is more and more looking at home care as a partner not as an add-on or an afterthought,” said NAHC President Val J. Halamandaris, continuing that home care is now seen as, “an entity that is central to getting people discharged from hospitals and not readmitted to hospitals, because there are now huge penalties” for readmissions.
Mr. Halamandaris’ comments were echoed by the panel of the second General Session who agreed that, with the hospital readmission penalties included in the Affordable Care Act, home care services now play a crucial and expanding role in the coordination of patient care.
For more information on the Financial Management Conference, please click here to view NAHC President Val J. Halamandaris’ daily dispatches from the conference.