Posted on Friday, March 9, 2018 9:07 PM
Home Healthcare survived a turbulent year last year with regulatory proposals, and everyone needs to look at this year with fresh eyes.
“2017 was arguably dominated by efforts to repeal and replace Obamacare,” said Fred Bentley, vice president of Avalere Health, a policy and financial consulting firm based in Washington, D.C. Bentley spoke at the National Leadership Conference on Wednesday, hosted by industry association ElevatingHome, the Alliance for Home Health Quality and Innovation and VNAA.
Within policy changes, there are three more opportunities for home health providers according to Bentley.
Payment Restructuring
In the Bipartisan Budget Act of 2018, major reforms to home health care are found. Most notably, is the new 30-day payment model instead of the current 60-day model. This new model will link payments more to value, and providers are going to have to have perfect documentation.
Upstream Partners
Beyond direct policy, home health care providers can expect to be impacted by their upstream partners, such as health systems and hospitals, taking on more risk in alternative payment models. As physicians are paid increasingly based on value and health care outcomes, home health partners can expect to see their value also increase.
Government Outsourcing
Many home health care agencies have their sights set on Medicare Advantage plans. The MA plans do not pay as much, but as time goes on home health care providers need to find a way to partner with these plans.
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.
