Our Knowledge Link tools give users the ability to drill down to a granular level to understand the specific impact the new rules will have on their business. This enables them to act quickly and strategically within their operations and back-office teams.
Dallas, TX (PRWEB) July 30, 2014
Homecare Homebase today announced the availability of the latest toolset within their Knowledge Link analytics engine that enables Homecare Homebase customers to quickly and accurately identify the effects of the proposed 2015 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.
CMS changes provide a high level of variability each year for homecare and hospice agencies, those changes are further complicated this round by CY 2015 HH PPS Proposed Rule (CMS-1611-P) which includes significant changes to the Therapy Reassessment Rules and proposed future documentation requirements related to episodes where injections are provided. “The significant number of changes this year and the variability those changes cause at the agency level further demonstrate the importance of providing accurate analysis tools early to our users,” said Andy Guarnera, Manager of Product Management at Homecare Homebase. “Our Knowledge Link tools give users the ability to drill down to a granular level to understand the specific impact the new rules will have on their business. This enables them to act quickly and strategically within their operations and back-office teams to make needed adjustments.”
Homecare Homebases' Knowledge Link tool, built on the powerful Tableau® 8 platform, allows users to analyze the proposed changes with actual data from episodes completed January through June 2014. This enables agencies to compare and evaluate projected revenues based on the proposed 2015 reimbursement changes, broken down by episode types, including standard, therapy, LUPA and outliers; allows for comparison against the new wage index; evaluation of the proposed changes to the therapy reassessment rule and average therapy visit times, and potential future policy changes related to injection visits.
“The 2015 HH Proposed Rule from CMS is one of the more complicated rules we have seen as it relates to the impacts on our Medicare reimbursement”, said Luke James, Chief Strategy Officer at Encompass Home Health & Hospice. “In addition to analyzing the financial impact of these proposed modifications, we will also take this opportunity to assess potential operational adjustments that may be required to successfully manage changes to the therapy visit reassessments, new F2F requirements, etc. Homecare Homebase enables us to review the impacts from each of these components of the proposed rule quickly, and is vital to our ability to put a plan in place in a timely manner to be prepared when the rule takes effect.”
"Homecare Homebase delivers tools that not only keep customers ahead of coming regulatory changes, but provide them useful, real-time insight into their business," said Tom Maxwell, Chief Strategy Officer at Homecare Homebase. "Our customers are quickly able to understand the effects of the proposed changes using relevant data from their business and are empowered to make better business decisions about the future of their agency and their operations. We focus closely on partnering with our customers to help them understand their data so that they can ultimately focus on the most important aspect of their business, servicing their patients."
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 facilitating true care guidance throughout the patients’ health journey; 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).