HealthRev Partners is Shaping RCM for Home Health and Hospice: KPIs You Need for Success

Discover actionable insights on tackling aging accounts receivable, optimizing revenue cycle management, and preparing your agency for success. Don't miss this opportunity to transform your operations and ensure you're ready for the challenges ahead! In this episode, Michael Greenlee and Hannah Vale share their holiday excitement while discussing how home health agencies can level up! Tune in for practical advice on tackling aging accounts receivable, enhancing revenue recovery, and preparing for a successful 2025. With a mix of holiday cheer and industry insights, this is the perfect listen to kickstart your New Year! A central theme in this episode is the discussion of aging accounts receivable (AR) and its significant impact on home health agencies. They share a compelling story about an agency that struggled with an outsourcing company that charged per claim but failed to collect payments, leading to a dire financial situation for the agency. This anecdote highlights the critical importance of choosing the right billing partner and understanding the nuances of revenue cycle management (RCM). Listeners are encouraged to reflect on their own AR situations, with Mike emphasizing that many agencies may not be aware of how much money is tied up in unpaid claims. He stresses the need for a thorough analysis of aging AR and suggests that agencies should actively seek solutions to recover lost revenue. The conversation also touches on innovative strategies and services that can help agencies improve their financial health, making it a valuable segment for anyone in the home health industry looking to enhance their operations as they prepare for 2025. Home Health Revealed is brought to you by HealthRev Partners.