Category: Hospice Billing

As hospice agencies expand in average daily census, they need to ensure they are optimizing their billing practices accordingly. With complex revenue cycle considerations, including Medicare reimbursement, and internal resources that are often spread thin, hospice operators are in a unique position to use optimized billing to grow the bottom line.

As hospice agencies expand in average daily census, they need to ensure they are optimizing their billing practices accordingly. With complex revenue cycle considerations, including Medicare reimbursement, and internal resources that are often spread thin, hospice operators are in a unique position to use optimized billing to grow the bottom line.

As COVID-19 has spread across the globe, no business or industry has been left unaffected – including hospice care. Everyone in this field has been quickly forced into adjusting operations, processes and more without any real preparation. These unique dynamics have forced agencies to work remotely and face challenges they’ve never thought about before.

As most hospice agencies and providers know, 2021 could bring about significant change for the vast majority of the industry in regards to Medicare Advantage inclusion.

Advanced Hospice Management has built a superior team of highly-trained and specialized professionals with decades of experience in the hospice billing industry.

This past August, the Center for Medicare and Medicaid Services (CMS) published the 2020 hospice final rule. Included in this ruling are updates for the hospice wage index, payment rates and most importantly – the cap amount. As a result, this 2020 rule rebases payment rates for continuous home care, general inpatient care and inpatient respite care. Overall, CMS gave hospice a 2.6 percent increase, raising the annual cap to $29,964.78. 

Earlier this month, Advanced Hospice Management successfully launched an online reputation management (ORM) service that can be utilized separately or bundled together with our other offerings. 

As a specialized hospice billing service, clients often come to us after experiencing major issues at a previous company. We constantly see hospices left in financial shambles after inadequate billing services fail to deliver the high level of attention and thought that hospice billing requires.

Selecting a billing agency or service is one of, if not the, most important decisions a hospice provider makes. Effective collecting impacts the entire operation, and the incorrect choice could easily lead to long-lasting negative repercussions. 

Hospice providers can select from a wide variety of electronic medical record (EMR) platforms to store and manage their invaluable information. Unlike most hospice billing services, we pride ourselves on using whichever EMR service our client prefers. We don’t demand a switchover or charge any extra fees. It’s a simple courtesy we provide for every client.