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Home Health & Hospice Week

Billing:

Keep Your Billing On Track With These Crucial Benchmarks

Published on Wed Sep 28, 2011

You should run this vital billing report weekly. Home health agencies that fail to keep tabs on their billing stats are asking for billing errors, sluggish collections, and worse. Running brief weekly reports and more de-tailed monthly reports with vital billing stats "will change the collection life of your agency," pledged billing expert Melinda Gaboury in her presentation at the National Association for Home Care & Hospice annual meeting in Las Vegas. "Implement it tomorrow," she urged in her Oct. 3 session. The simple reports "will tell you volumes about what's going on in that [billing] department," Gaboury promised. Using the reports is key to making billing staff accountable, explained Michael Horsley, therapist and owner of HHA All Coast Therapy Ser-vices Inc. in Lady Lake, Fla., in the presentation. Here are the stats Gaboury and Horsley recommend should go into the weekly reports: • Average days in accounts receivable. You [...]
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