POSTED ON MONDAY, MAY 18, 2020
Going into 2020 everyone expected the biggest issue in home health to be PDGM, but COVID-19 has become the biggest story. The HH agencies were worried about the effect of PDGM, but COVID-19 could have a much greater effect than anyone expected. “Providers might not be as lucky when it comes to weathering the coronavirus chaos. At least, that’s what Roger Strode — a transactional health care lawyer and partner at Milwaukee-based national law firm Foley & Lardner LLP — and his colleagues predict.”
“A lot of these small businesses, they don’t have massive amounts of days cash on hand,” Strode told Home Health Care News. “There may be a number of them that are barely struggling to hang on right now, so consolidation may be quicker and easier because there may be a lot of them looking for a lifeline here. We may see a number of bankruptcies in this area, especially with some of these smaller agencies.”
Click here for the full article
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.