The Home Health Care Wire
Your source for CareVoyant and industry news. January 23, 2025
Reduce Unbilled Claims and Improve Cash Flow for your Home Care Agency
The impact of unbilled services is very significant for home care agencies. Agencies will still have to pay employees for unbilled services even while they are not reimbursed for the same services, doubling the impact on cash flow and bottom line.
Home Care Agencies must develop metrics and processes to monitor and manage unbilled services and revenue. They should use Home Care Software that provides the tools to monitor and significantly reduce or eliminate unbilled services. Reducing unbilled services will increase revenue, improve cash flow and the agency's bottom line, provide quality care, and improve patient and employee satisfaction.
Some home health care agencies might focus on increasing their volume of clients in 2025. While this is not a bad growth tactic, agencies might benefit from thinking laterally instead of vertically.
Though there are growing pains associated with service diversification, the right Home Care Software can support agencies through the process. ONE software for ALL services establishes a durable foundation for home care agencies, facilitating operational efficiency and improved revenue cycle management.
The population's preference to age at home, shifts in healthcare delivery models, advances in technology, and regulatory pressures drive increasing demand for home health care. Even though the demand for home health care is growing, agencies will continue to face significant headwinds in 2025.
Explore how emerging trends are shaping the home healthcare industry in 2025. Learn what’s driving innovation and improving care delivery for patients.
Home Healthcare Industry News
Home health providers care for increasingly chronically ill patients, chartbook reveals
In 2022, the year of the most recently available data, 76.3% of Medicare home health beneficiaries had three or more chronic conditions. That compares with 73.2% in 2021.
9 workforce trends to focus on in 2025
Today’s workplace and workforce are constantly evolving, and with it, the way we recruit, hire and retain top talent. To keep up with these changes, long-term care leaders must rise to the occasion and make changes where necessary.
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.