How to Improve Profitability of Hospice GIP Facilities is proudly presented to you by National Association for Home Care & Hospice. Thank you. We hope that you enjoy your course.
While communities tend to be extremely generous during a hospice capital campaign, their generosity often fades once the facility becomes operational. It is a constant struggle for most general inpatient facilities to remain profitable when hospice reimbursement fails to cover the full cost of care. Hear from industry experts on how to overcome this obstacle with real-life examples and out-of-the-box ideas that will help you maximize revenue, minimize loss, and improve your bottom line.
Learning Outcomes:
• Evaluate demand for inpatient beds in your market to determine census goals;
• Identify different funding sources and costs drivers of a hospice general inpatient facility;
• Explain the use of KPIs to drive financial performance;
• Use industry benchmarks to highlight opportunities for improvement;
• Analyze the pros and cons of various staffing models; and
• Discuss innovative and lucrative partnerships between hospice general inpatient facilities and other organizations.
Faculty:
Tarrah Lowry
Phil Ward
Kelly Corcoran