Use Analytics to Drive Growth in 2022 | Industry Trends and Processes

January 24, 2022 00:42:00
Use Analytics to Drive Growth in 2022 | Industry Trends and Processes
Home Health Revealed (+Palliative and Hospice)
Use Analytics to Drive Growth in 2022 | Industry Trends and Processes

Jan 24 2022 | 00:42:00

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Show Notes

Let’s get set for success!
Learn about industry trends heading in to 2022 that are affecting cashflow and operations in home health and hospice. Michael Greenlee and Hannah Vale give specific insights into the analytics that matter, what agencies should be tracking to make good business decisions and how to build a team with fresh vision. 
Increase efficiency by setting goals and automating processes. What is your company DSO and how does that impact your agency?
What is “the TOOTHPASTE analogy”?
How do you know if something is a trend? When you’re looking at your billing processes for the end-to-end revenue cycle, do these things:
1. Implement a remit forecast per payer for billing.
2. Track your days to pay and create a root cause analysis.
3. Set achievable numbers and create benchmarks.
4. Perfect the process: from NOAs to posting, analyzing AR, then claims and denial management.
Be sure to hare your WHY with your team to promote your mission and create a back up plan through RIGHT SOURCING. 
Analytics is the vehicle to help you achieve all your goals in 2022. 

Home Health Revealed is sponsored by HealthRev Partners. Their home health solutions and hospice solutions combine technology, service, and analytics to uncover opportunities for improvement and drive peak financial performance.

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