While Medicaid provides coverage to working families, it is also one of the most prevalent forms of financial aid for nursing homes and hospice care facilities. Here are five facts about Medicaid that you might not know.

Staying on top of your billing can help you avoid non-covered service days and give you confidence that your claims will hold up under audit scrutiny. Here are just a few ways to improve your hospice billing processes.

From understanding the hospitalization benefit to knowing that Medicare requires sequential billing, Advanced Hospice Management understands how to collect on your A/R in the most timely, efficient way.

Hospice Revenue Cycle Management (RCM) is the management of the process through which hospice providers ultimately receive compensation for their services. It is essential that each stage of the process, pre-billing, billing, and post-billing – are managed well.

What are the essential points to consider when opening a hospice service? Before starting up, it is crucial to have a plan that is designed to ensure the smoothest path to opening. Outline a business and marketing plan, seek out the best channels of promotion, find a strong staff to carry your company, and know the best practices for collecting funds and billing your claims.

In hospice, serving patients and their loved ones by providing compassionate and professional end-of-life care must always be a top priority. But a strong revenue stream is what makes it possible to fulfill this mission. Unfortunately, the tedious and complex process of hospice billing means many organizations struggle to remain profitable.