The Home Health Care Wire
Your source for CareVoyant and industry news. DECEMBER 28, 2022
Home Health Care Trends for 2023
Even though home healthcare agencies face many challenges, there are also many upsides. Despite all the challenges facing the home healthcare industry, it will continue to grow and play an integral part in providing care at home. Technology will play a significant role in helping home agencies meet these challenges and continue to grow.
In this article, we discuss how some of these trends are shaping the direction of the home healthcare industry.
With falling reimbursement rates, the rollout of PDGM, and increased compliance, Home Care Agencies are under pressure to do more with less. Improving the health of the revenue cycle is a complex process that needs both caregivers and financial administrator to work in synchrony to achieve optimal results. An integrated platform that covers all processes including intake, authorization management, scheduling, billing, and collections, and provides features to manage the revenue cycle requirements of these processes is a must for ensuring optimal reimbursements.
As a Home Health Care Software provider, we find ourselves with questions about the nuances of home care services. Some of the questions we get asked are:
• What is Private Duty Home Care?
• Are RNs required for Private Duty Home Care?
• How is it different from Nursing Care?
• Do you need specialized software to manage Private Duty Home Care Agencies?
Home Healthcare Industry News
How The Rural Add-On Payments Changed Where Home Health Services Were Delivered
Utilization of home health services fell in both urban and rural counties from January 2016 to March 2022 in the “high-utilization” categories, in part, due to the rural add-on payments.
In 2018, the Centers for Medicare & Medicaid Services (CMS) implemented a rural add-on payment, or a percentage increase, at the request of Congress. That is added to the standardized home health payment.
What Home-Based Care Leaders Should Know About The $1.66 Trillion Spending Bill
The proposed $1.66 trillion omnibus government funding bill – which is expected to pass through the U.S. House and Senate this week – includes multiple home-based care provisions of importance.
Among those is new home health payment transparency language, an extension of the rural add-on, a separate extension of the Money Follows the Person program and more.
ABOUT CAREVOYANT
CareVoyant is a leading provider of cloud-based integrated enterprise-scale home health care software that can support all home-based services under ONE Software, ONE Patient, and ONE Employee, making it a Single System of Record. We support all home based services, including Home Care, Private Duty Nursing, Private Duty Non-Medical, Home and Community Based Services (HCBS), Home Health, Pediatric Home Care, and Outpatient Therapy at Home.
CareVoyant functions – Intake, Authorization Management, Scheduling, Clinical with Mobile options, eMAR/eTAR, Electronic Visit Verification (EVV), Billing/AR, Secure Messaging, Notification, Reporting, and Dashboards – streamline workflow, meet regulatory requirements, improve quality of care, optimize reimbursement, improve operational efficiency and agency bottom line.
For more information, please visit CareVoyant.com or call us at 1-888-463-6797.