POSTED ON MONDAY, June 8, 2020
President Trump initiated a national emergency almost 90 days ago due to the coronavirus. According to a survey by Home Health Care News, most home health agencies have experienced a sharp decline in Medicare reimbursement, admissions and revenue.
“To get a sense of how home health providers were being affected by the coronavirus, HHCN initially surveyed roughly 150 industry representatives toward the middle of March. At the time, just 31% of respondents said their agency’s home health operations had experienced some form of COVID-19 disruption, with only 59% of respondents believing the virus was something that warranted serious concern.”
In a follow-up survey, 92% reported a loss of revenue.
Click here for the full article
About Corridor
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.