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How Home Health Providers Can Financially Prepare For CMS’ 2024 Final Rule
Experts emphasize that home health providers should prioritize identifying additional revenue opportunities ahead of the final payment rule by the U.S. Centers for Medicare & Medicaid Services (CMS). It is crucial to align revenue and cost strategies within the organization. Evaluating coding, case rate mix, and documentation quality is essential to ensure accurate representation of patient acuity and coding for the appropriate clinical group. By closely examining these areas, providers can uncover hidden revenue opportunities and optimize financial outcomes.
Medigy Insights
In anticipation of the final payment rule by the U.S. Centers for Medicare & Medicaid Services (CMS), experts underscore the significance of home health providers focusing on identifying supplementary revenue opportunities. It is imperative to align organizational revenue and cost strategies. Thorough evaluation of coding, case rate mix, and documentation quality is critical to accurately reflect patient acuity and assign appropriate clinical group codes. By meticulous examination of these aspects, providers can discover concealed revenue potentials and enhance financial outcomes.
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