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.Continue reading
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.Continue reading
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.Continue reading
In May 2016, Advanced Hospice Management began working with a hospice provider in the western United States. This client had been connected to their previous biller through their electronic health record (EHR) software and their collection rates and compliance suffered tremendously during that time. Their previous biller failed to comply with updated billing regulations and consistently left money on the table.Continue reading
ESTABLISHING SUCCESS WITH A HOSPICE STARTUP
Advanced Hospice Management worked with a startup hospice provider to create a successful foundation for billing and collecting. With no previous experience, the new hospice agency faced a complex set of rules and processes to receive its Medicare license and credentials. The provider was nervous about the daunting tasks and hired us after researching specialized hospice billers.
We successfully assisted the hospice agency in navigating through the stressful processes startups face. As soon as accreditation was received, we immediately began processing and collecting on outstanding A/R and worked to implement processes needed for long-term industry success.
“They do it so well that we don’t have to worry about our collections. Everything comes in every month, and we can just focus on patient care.”
After hiring our team, we drastically improved all aspects of the billing process. In addition to ensuring the client was fully compliant, we added additional team members to actively manage cases and maximize collections. Through our efficient, proven services, Advanced Hospice Management completely restructured the hospice’s billing system.
“Advanced Hospice Management had hundreds of thousands of dollars collected within a few months which helped our profit margin tremendously.”
Advanced Hospice Management is a specialized billing service working solely with hospice providers across the country to maximize collections. Our team of highly-trained expert billers understands the complex nature of hospice billing and strictly adheres to required collection standards. We are fully devoted to providing unmatched billing solutions so that our clients can focus on patient care.
Advanced Hospice Management has built a superior team of highly-trained and specialized professionals with decades of experience in the hospice billing industry.Continue reading
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.Continue reading
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.Continue reading
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.Continue reading
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.Continue reading