Budgeting - Why Do It? (Home Health) is proudly presented to you by National Association for Home Care & Hospice. Thank you. We hope that you enjoy your course.
Home Health is presented with many challenges including a changing reimbursement model, staffing issues, and ongoing regulatory and compliance updates at the national and state level. Agencies must budget appropriately each year and use key performance indicators on a regular basis to track and measure performance. The budget and KPI process is an essential step to communicate the financial impact of key decisions to clinical management and operations. Finance must collaborate with all functional areas to identify key revenue and cost drivers and develop realistic projections to drive the budget process. This session will focus on preparations of a Home Health budget and methods to track and measure the agency’s progress through key performance indicators and dashboards.
Learning Outcomes:
•Prioritize data to identify the key performance indicators that drive success in Home Health;
•Identify key performance indicators to generate a budget, track progress in dashboards, and effectively monitor performance; and
•Outline strategies for collaborating with clinical and operations on budgeting and forecasting.
Faculty:
Mark Sharp, CPA