For most home health agencies, the focus has always been about providing exceptional patient care. At the end of the day, however, you’re running a business and it’s essential you’re getting paid for the services you provide. All too often, vendors and employees are paid first before providers can even make the effort to collect from Medicare and other insurers. At eSolutions, we understand that speeding up your reimbursement rates can have valuable benefits for your business and strengthen the quality of care you provide patients. Here are some of the top reasons you should place a high priority on improving cash flow.
Wyatt Earp famously said, “Fast is fine, but accuracy is everything.” This adage rings true in home health billing, which sometimes feels like the wild, wild west. In running an effective agency, you may tend to focus on speed. How fast can you submit a RAP? How long will it take Medicare to pay you? How quickly can doctors sign orders? How fast can you find a temp nurse to cover a shift?
Home Health and Hospice providers must have thorough intake procedures and processes to lay the foundation for the entire revenue cycle process. Successful claim acceptance rates and ultimate reimbursement starts at intake. eSolutions offers you some helpful tips to improve your intake procedures in our latest infographic.