Preconference
Part I 801: Fundamentals of Healthcare Financial Management
9 a.m.- 12 p.m.
This program provides an introduction to the basics for financial management for home care and hospice providers. Whether a rookie or a veteran, this program will establish or refresh your financial management foundation. With this program, attendees will gain an understanding of the healthcare industry from the perspective of both providers and payers. Beginning with such elementary matters as a glossary of terms and acronyms that deluge healthcare financial managers, the program will focus on how third-party payers, including managed care, affect the economic operations of healthcare providers and the latest developments on payment and financing systems.
Objectives
1. Identify the basic financial elements of the healthcare industry.
2. Describe the major issues affecting healthcare and the potential impact of those issues on home care and hospice.
3. Recognize the varied benefit and payment systems and their effect on the financial status of home care and hospice providers.
4. Identify the financial indicators that must be understood in making operational decisions.
Faculty: Vern Peterschmidt, President, Peterschmidt & Associates, Albuquerque, New Mexico; Steve Peterschmidt, COO, Family Home Health Care, Colorado Springs, Colorado.
Course Level: Basic 3.0 Nurse CEs; 3.0 Accounting CPEs (NASBA/FIN).
Part 2 802: Home Health Agency Medicare Cost Report Preparation
1 p.m.- 3 p.m.
If you must submit a Medicare cost report, you might as well just do it right. Analysis of existing filed Medicare home health cost reports indicates that their accuracy is in doubt. Nevertheless, Congress and the Administration continue to make payment-rate judgments based upon cost report data. Additionally, providers of home health services utilize cost report-related benchmarks in making management and operations decisions. This program offers a top-to-bottom tutorial on proper preparation of a Medicare cost report for home health agencies. While primarily directed towards newcomers to home health, the program offers substantial value to those veterans who have forgotten most of what they've known about cost reporting since the onset of prospective payment.
Objectives:
1. Describe the purpose of the Cost Report.
2. Site Medicare cost calculation methodologies in reimbursable and non-reimbursable
cost centers.
3. Identify sources of information to complete the cost report worksheets.
4. Identify the financial outcomes reflected
in the cost report that will have an affect
on operations.
Faculty: Thomas E. Boyd, Principal, Boyd & Nicholas, Inc., Rohnert Park, California.
Course Level: Basic 3.0 Nursing CEs; 2.0 CPEs (NASBA/RE).
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