Last week, the Centers for Medicare & Medicaid Services (CMS) Innovation Center announced a new proposed model that will undoubtedly affect home health providers, and also allow them the opportunity to get more involved in value-based care initiatives. The Transforming Episode Accountability Model (TEAM), which would eventually be mandatory if finalized, would have selected acute […]
SimiTree
Home health providers often make mistakes that leave money on the table at best, and at worst, lead to financial ruin. However, providers that learn to avoid these stumbling blocks will be better positioned to achieve longevity and financial stability. In general, the home health consulting firm SimiTree has noticed an increase in the amount […]
Nearly a month after the U.S. Centers for Medicare & Medicaid Services (CMS) released its CY 2024 final payment rule, the ins and outs of it have become more apparent. And there’s more to delve into than just blanket rate cuts. Aside from the headline-grabbing 0.8% aggregate payment increase and the permanent prospective adjustment of […]
Home health providers are adjusting their operations to better set themselves up for value-based care. One thing they need to be sure of, though, is that those adjustments are making their way down to the front line. “From an agency standpoint, providers are thinking as their reimbursement model changes, how are we being judged against […]
Diving into value-based arrangements with payers always sounds good, in theory, for home health providers. But it is easier said than done. Providers have to commit to value-based care, but even before that, they need to do their homework to be successful over the long haul. Moving away from fee-for-service and moving toward risk through […]
For home-based care provider leaders, the biggest long-term issues are sometimes pushed off to deal with short-term issues. Recruitment and retention efforts, for instance, consistently fall down the priority totem pole. “For years, we’ve heard organizations saying workforce is our biggest challenge,” Eric Scharber, managing principal at SimiTree, said during a webinar Thursday. “Yet the […]
The current staffing climate in home-based care continues to be a headwind as burnout and high turnover rates persist in the industry. That was one of the main takeaways from a recent survey conducted by SimiTree and Home Health Care News, which aimed to learn how home-based care providers are mitigating recruitment and retention challenges. […]
When the U.S. Centers for Medicare & Medicaid Services (CMS) published its FY 2024 home health proposed payment rule, the 2.2% cut immediately became the focus. But the nearly 300-page rule included dozens of other notable, proposed changes to home health care. From Home Health Value-Based Purchasing (HHVBP) Model tweaks to a more focused approach […]
The No. 1 thing home health providers should be focused on ahead of the U.S. Centers for Medicare & Medicaid Services (CMS) final payment rule is finding any additional opportunities to increase revenue, experts believe. It may seem like a no-brainer, but if the reimbursement cuts come as proposed by CMS, providers need to be […]
Home-based care providers are constantly looking for new ways to prove their value. One way they’re doing so is through Z-codes. Z-codes – encounter reason codes that document social determinants of health (SDoH) data – are relatively new. They are also rarely used, appearing in less than 1% of all medical claims. But some of […]
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