Hospice News August 9, 2024
A myriad of regulatory, reimbursement and workforce pressures have challenged providers when it comes to clinical capacity and associated revenue.
Hospice budgeting practices hinge on several factors, according to Matt Chadwick, CFO of Well Care Health. Building a sustainable financial structure for end-of-life care delivery can be a challenging feat when navigating the impacts of patient care and staffing needs, referral streams, operational expenses, billing claim cycles and compliance factors, Chadwick said.
He shared his thoughts at the National Association of Home Care & Hospice’s (NAHC) Financial Management Conference in Las Vegas. The association in June completed its affiliation with the National Hospice and Palliative Care Organization (NHPCO), forming the temporarily-branded NAHC-NHPCO Alliance.
“It’s a hard, long road, and we’ve...
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