The Home Health Care Wire
Your source for CareVoyant and industry news.April 11, 2024
Find Your Perfect Match: Selecting the Right Software Partner for Your Home Care Agency
Searching for the right software can be difficult. The home care market was valued at approximately $250 billion in 2023 and is expected to grow over $100 billion more by 2028. In an industry that has drawn so much attention, with an abundance of software touting solutions for home health agencies, it can be difficult to sort through the noise to find the right software solution for your agency.
For long-term success in the home care industry, it is important not just to look for the Best Home Care Software, but also the one that aims to serve as a partner with you to help you grow.
While demand for Home Care Services continues to grow, increased regulatory requirements and a labor force shortage will pose many challenges to the cash flow and bottom line of Home Health Care Agencies. Authorization, Plan of Care, and Physician Order Management will lead to potential unbilled and denied claims. Home Care Agencies are forced to do more with less just to keep from falling behind in cash flow and the bottom line.
Home Health Care Agencies should stay ahead of these challenges with the right processes and tools to survive, thrive, and grow. Discover how minimizing unbilled claims can significantly enhance cash flow for your home care agency. Implement effective strategies today.
Routinely, payroll week is stressful for Home Care Agencies. Collecting accurate information from different staff, then processing payroll data accurately and in a timely manner is intricate, time-consuming, and challenging. Though collecting payroll information on time is often challenging, prompt and accurate payroll is one of the most important criteria to improving employee satisfaction and retention in Home Health Care.
Home Healthcare Industry News
As Need For LTSS In US Grows, MA Plans Still Have The Chance To Fill The Gap
With the need for long-term services and supports (LTSS) growing, Medicare Advantage (MA) plans are positioned to offer home-based care services through supplemental benefits.
More than 250 new ICD-10 codes proposed for Oct. 1
The proposed ICD-10 code changes — released with the FY2025 Hospital Inpatient PPS (IPPS) proposed rule on April 10 – include three new codes to better track the severity of patients with hypoglycemia.
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.