The Home Health Care Wire
Your source for CareVoyant and industry news. November 08, 2023
4 Ways to Reduce Software Training Time for Your Home Care Agency
Home Care Agencies can spend $500 - $1000 per employee each year on training. An elevated, industry-wide turnover rate can make training a regular cost, which is difficult for any home care agency to keep up with. Reducing time spent training employees can significantly reduce costs of onboarding, and can improve productivity across the board.
Staffing and reimbursement challenges will force home healthcare agencies to do more with less while striving to provide quality care to patients. Home Health Care agencies should develop a process enabling clinicians to develop effective, integrated, personalized patient care plans. Effective care planning processes will help home healthcare agencies leverage technology and software platforms to improve the quality of care provided to patients at their homes.
Home Care agencies, whether they provide one or more home care services, face a large array of challenges, as the Home Care industry can be fluid and volatile. Consistent staffing challenges, expanding regulatory requirements, inconsistent funding, and complex agency operations are just some out of the many challenges they face, and some agencies can become quickly overwhelmed when any one of these problems rear their heads.
Home Healthcare Industry News
CMS Finalizes 0.8% Home Health Payment Increase For 2024, Additional PDGM Cuts
The U.S. Centers for Medicare & Medicaid Services (CMS) released its CY 2024 home health final payment rule. It comes with an estimated aggregate increase to 2024 home health payments of 0.8%, or $140 million, compared to 2023 aggregate payments. But that doesn’t tell the entire story, with sharp rate cuts also finalized.
Original HHVBP model saved Medicare $1.38B
Home Health Value-Based Purchasing (HHVBP) saved Medicare $1.38 billion in the original nine-state model when costs were compared to the 41 other states, according to the final evaluation report.
Particularly In Southern States, Home-Based Care DOL Investigations Are On The Rise
U.S. Department of Labor (DOL) investigations into home-based care companies have skyrocketed. With this in mind, agencies need to be aware of the common issues in order to stay a step ahead.
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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.