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NAHC Report: Issue# 2440, 6/2/2014
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CMS and Truven Release LTSS Expenditures Report
NAHC President Tests Google Glass
For Your Information: Pre-conferences at NAHC’s Financial Management Conference & Exposition
NAHC/Home Care & Hospice Events
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CMS and Truven Release LTSS Expenditures Report

On April 28, the Centers for Medicare & Medicaid Services and Truven Health Analytics released a report titled Medicaid Expenditures for Long-Term Services and Supports in FFY 2012 (the Report).  Key findings of the Report with regard to home and community-based services (HCBS) expenditures, and rebalancing away from institutional long-term services and supports (LTSS) towards HCBS, are discussed below.

HCBS Expenditures

Total HCBS. Total HCBS expenditures experienced moderate growth increases approximating two percent each year from FFY 2010 ($66.4 billion) to FFY 2011 ($67.7 billion) and FFY 2012 ($69.3 billion). In contrast, rates of growth in total HCBS expenditures between FFY 2007 to FFY 2010 were between 10.6 and 14.7 percent.

Out of the total $69.3 billion in HCBS spending in FFY 2012, the states with the top five expenditures were: New York ($12.1 billion), California ($8.3 billion), Texas ($3.8 billion), Pennsylvania ($3,2 billion), and Minnesota ($2.8 billion).

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NAHC President Tests Google Glass
Product has implications for the home care and hospice community

NAHC President Val J. Halamandaris recently had the opportunity to try out Google Glass - a product from the same Innovations Division at Google that has produced the driver-less automobile. In his assessment, Google Glass will be a runaway best selling product transforming the Smartphone world in ways that most people cannot imagine.

Google describes Google Glass as the first of a long line of hands free, head mounted intelligence devices. They say it is a wearable computer with an optical head mounted display.  It looks like a pair of glasses, but the lenses are an interactive smartphone-like display with natural language voice command as ell as Bluetooth and WiFi connectivity.

A touch pad is built into the temple of the "glasses" allowing the user control the device by sweeping through the displays on the screen.

The device has the ability to take photos and receive video.  It is powered by Android and is compatible with Android devices.

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Pre-conferences at NAHC’s Financial Management Conference & Exposition

Jump start the Financial Management Conference & Exposition at one of two intensive pre-conference sessions focused on hospice and home health:

Pre-conferences include lunch and will run concurrently from 9:00 a.m. to 3:00 p.m. on Sunday, July 13, 2014. You can only register for one of these pre-conferences, so here’s some information to help you make a choice:

Hospice Summer Camp 2014: This pre-conference provides an updated and thorough overview of the financial aspects of hospice, including emerging national economic and policy changes that will affect hospice operations, regulatory issues, and revenue-enhancing strategies. It is designed for intermediate to advanced hospice executives seeking to sharpen the skills and knowledge needed to better manage financial operations in this changing environment.

Home Health Summer Camp 2014 Home health personnel, whether they are new to the industry or old hands, will benefit from a detailed understanding of basic financial tools and operational strategies for developing and maintaining positive financial outcomes. They’ll get it at this updated program geared toward beginning- to intermediate-level financial staff members who have some experience in home care financial management and wish to know more about the diverse world of home care finance.

NAHC’s Financial Management Conference & Exposition is the premier source for strengthening your home care or hospice agency’s bottom line. The conference will offer a variety of general sessions and drill-down workshops designed to boost your skills. You’ll have the chance to explore topics ranging from cost controls to revenue enhancement and strategic planning.

Pre-Conference Rates: $175 Member/$300 Non-Member For more information on the pre-conferences, click here.

To view the most up-to-date FMC schedule at a glance, hotel information, educational sessions, exhibitors, and sponsors, click here.

Register Early and Save! Don’t miss out on getting the Early Registration Rate of $675 Member/$950 Non-Member through June 20, 2014! To register, click here.

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