Homecare Homebase Enables Customers to Quickly Analyze and Understand Effects of the 2014 CMS Proposed Rule
Dallas, Texas (PRWEB) July 18, 2013 -- Homecare Homebase today announced the availability of a new tool within their Knowledge Link Business Analyzer module that enables Homecare Homebase customers to quickly and accurately identify the effects of the proposed 2014 CMS Medicare reimbursement changes issued at the end of June. Using the new functionality Homecare Homebase users are now able to immediately see the effects these changes will have on their business well before they take effect next year.
"Due to the significant variability the 2014 CMS home health proposed rule has on home health, it is critical to know as early as possible the specific impact it will have on each of our individual agencies," said Luke James, VP of Business Development, Encompass Home Health. "Through Knowledge Link, we have the ability to drill down into individual episodes to analyze the specific impact the rule has on each, providing unique insight that allows us to strategically prepare for the coming changes. This timely knowledge allows us to react appropriately prior to our competitors, positioning us for continued success in each market we serve."
Homecare Homebases' Knowledge Link tool, built on the powerful Tableau® 8 platform, allows users to analyze the proposed 2014 CMS changes with actual data from episodes completed during the January through June 2013 time period. This allows the agency to compare and evaluate projected revenues based on the proposed 2014 reimbursement changes, paying special attention to the proposed case mix adjustments, removal of certain ICD-9 codes, effects of rebasing, sequestration and the various LUPA changes, as well as, how the overall net impact of the changes combines to effect their bottom line. Use of this data provides the highest level of accuracy and predictability of how the proposed reimbursement changes will affect revenue in the coming year; ensuring strategic decisions can be made in real time to affect the success of the agency.
"With the release of this tool, Homecare Homebase has provided our management team the ability to review and analyze the effects of the proposed changes well ahead of their implementation. We have the ability to use our own data to project the effects of these changes, providing a more accurate forecast while providing us the ability to make superior strategic business decisions in a timely manner," said Steven Waits, Chief Clinical Officer for Alacare Home Health & Hospice.
"Homecare Homebase will always provide the types of tools that not only keep customers ahead of coming regulatory changes, but gives them useful, real-time insight into their business," said Tom Maxwell, Chief Strategy Officer at Homecare Homebase. "By enabling our customers to quickly understand the effects of the proposed ruling we give them the ability to make better business decisions about the future of their agency, management of agency operations and the right strategic initiatives to focus on for continued success. We partner closely with customers to help them understand the bigger picture as it relates to their data so that they can ultimately focus on the most important aspect of their business, servicing their patients."
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About Homecare Homebase, LLC.
Homecare Homebase, based in Dallas, Texas, is a leading healthcare software company serving the technology needs of the fast growing post acute care industry including homecare, hospice and private duty. Homecare has received the prestigious Best In KLAS for Homecare award for three consecutive years in the “Best in KLAS Awards: Software & Services” report. Homecare Homebase offers a comprehensive integrated cloud-based software solution to improve the clinical, operational and financial success of homecare and hospice agencies. Homecare Homebase enables real-time, wireless information exchange and communication between office staff, field staff and physicians; automates workflow processes; enables accurate billing through numerous integrated checks and balances; and, provides powerful management reporting via a back-office data analysis tool that ties together all agency operational information. Founded by industry veterans in 1999, every aspect of the Homecare Homebase system was developed to be user-friendly, flexible and customizable to specific agency needs. For more information, visit http://www.hchb.com or contact us toll free at 1-866-535-HCHB (4242).
Tricia Collom, Homecare Homebase, http://www.hchb.com, (214) 239-6726, [email protected]
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