Financial Education Sessions at the 2016 Home Care & Hospice Annual Meeting
August 10, 2016 02:38 PM
The National Association for Home Care & Hospice’s (NAHC) 2016 Annual Meeting will feature a variety of financial education sessions covering topics such as revenue cycle strategies in the era of value-based care to empowering frontline managers with combined financial and operational information.
How can you succeed on both the financial and clinical fronts? One way is empowering front-line managers by showing them the impact of their decisions. Learn how you can do this by enhancing your financial reports with operational data. This session will discuss entering operating statistics as one-sided journal entries into general ledger programs and define calculations that can be made on the face of the financials. We will also cover the way a monthly financial review meeting can boost accountability and help uncover hidden problems. We’ll put our own experiences upfront as we show you how an executive team can increase buy-in and accountability among front-line managers. You’ll come away with tips to put you in front of the pack.
Learn to identify and understand the many requirements for completion of the hospice cost report. The new cost report will require substantial changes in accounting, financial reporting, and statistical accumulation. Hospices, along with those who prepare cost reports, need to begin planning by assessing their accumulated financial and statistical information, modifying procedures to ensure ongoing collection of this information, and strategizing to ensure that all the required information is available for the entire cost reporting year. Information used to prepare current reports does not suffice for accurate filings in the future. Get ready to meet the current requirements and prepare for even more revisions in payments for hospice care.
The advent of value-based purchasing doesn’t have to destabilize your agency. Embracing flexibility and revenue cycle strategies in the era of value-based purchasing is key to keeping your business model consumer-friendly and operationally sound. In this case study, attendees will learn how to combine technology and claims management skills to reduce denials, improve collections, and get the flexibility that’s needed for success under HHVBP.
Get on the road to successful episode management and five-star results. You can reach your destination through clinical and case conference models and real-time monitoring of clinical outcomes and patient satisfaction, all of which matter in the new health care landscape. The value-based purchasing and five star rating systems are driven by clinical outcomes, process measures, and clinical performance with patients. Nurses who have the proper skill sets, mentoring, and effective supervision get good results and that leads to financial gains for your business. It pays to attend this session and learn about a best-practice model to manage visits, satisfy your patients, and make your agency shine.
Do you feel as though new rules and payment changes are threatening your cash flow and revenue cycle? There’s good reason since it’s becoming harder to manage cash flow while complying with regulations. In 2015, CMS implemented two key initiatives that affect home health — the Program for Evaluating Payment Patterns Electronic Report (PEPPER) and a “probe and educate initiative” related to face-to-face encounter requirements — both of which have led to millions in denied claims for home health. And hospice providers are not off the hook because this year CMS introduced substantial changes to the Medicare hospice payment with more to come. Other challenges relate to managing software systems and staff involved in the revenue cycle. Learn to manage cash, compliance and effectiveness in the revenue cycle smoothly.
Learn about mergers acquisitions during the panel discussion on buying, selling, and valuing. Join M&A experts for a discussion of current market conditions: reduced Medicare reimbursement, health care reform, the growth of ACOs, the expansion of Medicaid, and changes in private pay. Learn about other key issues that play a key role in closing transactions — all in an open format that encourages Q&As. Our experts will tell you how to increase the value of your business and what information buyers will need before your initial offer. You’ll learn how a bottom line is arrived at for pricing purposes, the use of Medicare statistics to shape a buyer’s upfront interest, and the impact of location on valuation, along with automatic deal breakers. There is a wide range of issues to resolve when you negotiate a deal. With the right information, both sides can come out ahead
Please visit www.nahc.org to learn more information about the conference in general, or click here to start previewing the education sessions. With our new system, you can search by keyword to view all of the sessions pertaining to a specific topic, or you can do an Advanced Search and select a specific track.