301. Home Health Benchmarking & Budgeting is proudly presented to you by National Association for Home Care & Hospice. Thank you. We hope that you enjoy your course.
Description:
Home health agencies are facing many challenges including insufficient payment rate increases, margin compression, workforce shortages, and changes in payer mix. Benchmarking and budgeting are two management tools that can help drive strategy and operational plans for success. To use these tools successfully, it is critical that your benchmarks are used to identify opportunities and the budget development process contemplates all the challenges and opportunities for your organization and how your leadership team plans to address those challenges and opportunities to ensure a thriving future. Ongoing monitoring of your actual results compared to the targeted benchmarks and budgets is just as important as the initial development to help leadership in pivoting when you find yourself off track from the benchmarks and/or budget. This session will present an overview of the processes for using benchmarks to help develop the initial budgets as well as the ongoing monitoring suggested. The session will also address how these tools can be used to help in decision support in helping drive strategy and operational success.
Learning Objectives:
1. Define the processes for benchmarking and budgeting, and identify how the two tools can work together.
2. Outline keys to success in the use of benchmarking and budgeting tools.
3. Identify how benchmarking and budgeting can be used to drive your strategy and operation plans to address both challenges and opportunities.
Faculty: Jonathan Dickinson, Natalie Alexander
Nursing 1.0 Contact Hours awarded.
Nursing Contact Hours for this module will expire on July 23, 2026.