Hospice News October 27, 2020
Focusing on revenue cycle management will be essential as hospices step into Medicare Advantage in 2021 and face the threat of a new wave of COVID-19 cases. This new payment arena and a global pandemic have strained many hospices’ bottom lines during 2020, with providers increasingly furrowing their brows over the long-term impacts.
A report last week from the U.S. Centers for Disease Control and Prevention (CDC) predicts that an estimated 50,000 to 240,000 new COVID-19 cases will likely be reported before the end of November, citing a rise in reported cases over the last several weeks as an indicator. The novel coronavirus pandemic has hit hospice revenues hard, with many providers anticipating a decrease in annual revenues for 2020,...
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