Successful Hospice Cost Management is proudly presented to you by National Association for Home Care & Hospice. Thank you. We hope that you enjoy your course.
Cost reduction is an important goal in hospice and cost analysis is critical. Cost analysis is not simply identifying cost, but it also should be used in assisting decision-makers in pricing, revenue planning, and establishing standard cost. As hospices address new payment models, data demands, and a changing patient population, how will the analysis of cost change? This session addresses hospice-specific cost management strategies, cost analysis, and actions that help minimize costs. During this session, attendees review external factors affecting cost, the impact of reduced payment rates on profitability, and cost management targets and tools that are the basis for financial success in today’s challenging environment.
Learning Outcomes:
- Identify key management reports that affect decision-making, including financial statements
- Construct benchmarking systems and cost analyses
- Describe cost-optimizing strategies that meet operational and patient needs
Faculty:
Mark Sharp, CPA