NAHC Announces Innovations Track for the Financial Management Conference & Exposition
May 20, 2015 06:48 AM
The National Association for Home Care & Hospice (NAHC) today announced details regarding the Innovations Track, one of four concurrent education tracks that will be offered during the Financial Management Conference & Exposition. The 2015 Financial Management Conference & Exposition is taking place June 28 – 30 at the Gaylord Opryland Resort & Convention Center in Nashville, TN.
Participants will choose from among four education tracks, including: Home Health, Hospice, Innovations, and Leadership. This article provides an overview of the Innovations Track. NAHC previously released information about Home Health and Hospice and a subsequent article will cover Leadership.
"The Innovations Track provides great insights into the amazing opportunities for home care that are emerging as we progress into health care delivery and payment reforms,” said William Dombi, Vice President for Law at NAHC and the Director of the Home Care & Hospice Financial Management Association, a NAHC affiliate.
The Innovations Track will include four courses covering how to manage changes and reforms in home care and hospice, risk sharing in Medicare, strategies to increase revenue, and preparing for Value Based Purchasing in 2016. Here are more details about the four courses under the Innovations Track:
103. Change Management in Home Care and Hospice
Home care and hospice are in a perpetual state of change. Over the years the changes have included dramatic reforms in the Medicare home health benefit, intensified scrutiny of compliance requirements in hospice, shifts in payers to managed care, staffing challenges with nursing shortages, business adjustments with the ACA employer mandate and new overtime requirements for personal care aides, to name just a few. Nevertheless many home care and hospice organizations found a way to cope with these challenges through change management techniques. This program focuses on what it takes to successfully adjust to the specific types of changes we see in home care and hospice. It drills down from the high-level views covered in the general session into the granular ingredients of successful change management.
203. Risk Sharing in Medicare: Can it Work for You?
One of the key elements of health care delivery innovations is to share financial risks between providers and payers. Medicare offers risk sharing through Accountable Care Organizations, Post-Acute Care Bundling, and a wide assortment of demonstration programs. Medicaid is exploring risk sharing arrangements and management care organizations are already engaged in shared savings programs with a variety of provider types. Is risk sharing right for your organization? How does it work? What tools do you need? How much risk can you take? What are the possible financial benefits in the short-term and long term? This program explores all those questions and more.
303. Critical Revenue Growth Strategies for Home Care Agencies
Revenue growth is critical to agencies in today’s environment. Reimbursement cuts have necessitated expense reductions but there are limits to which expense reductions can be made. Agencies must be able to increase revenue to offset the reductions and continue to adapt to the changes happening in the current market. This program contains information on a number of strategies developed by members of the Innovations Committee drawn from diverse home care operators.
403. Value Based Purchasing Begins in 2016 – Will You Be Ready?
The 2015 Home Health Final Rule includes the provision to begin Value Based Purchasing (HH VBP) in January 2016 for five to eight yet to be identified states and providers. The proposed revenue adjustment is between 5-8%, which represents the potential payment holdback, as well as the potential bonuses and penalties to the providers, all based upon Home Health Compares outcomes and HH-CAHPs results. This program will help participants evaluate an agency’s potential exposure to the penalties and opportunities for bonuses based upon current measurable clinical performance and where results will likely need to be. It will also discuss the cash flow issues related to the payment withholding and provide background on what we can learn from the 2008/2009 HHP4P demonstration and Hospital VBP programs.
For more details and to register for the Financial Management Conference, please click here.