HCHB data reveals CMS Proposed Rule impact range between -9% and
+12% for agencies across the country.
DALLAS, July 11,
2024 /PRNewswire-PRWeb/ -- Homecare Homebase (HCHB),
the leading software provider for home-based care, has published
its 2025 Home Health Impact Model within its HCHB Analytics
platform, empowering agencies to pinpoint and analyze the impact
the new CMS rule would have on their specific operations and
revenue.
The HCHB proposed rule estimates a 1.9% rate reduction, close to
CMS' 1.7%. However, agency impacts range from -9% to +12% largely
due to wage index changes. The variation between positive and
negative wage index adjustments is larger than normal and drives
home the importance of understanding how wage index changes will
affect agency operations. HCHB has released its annual impact
model, to help agencies navigate how the proposed rule could affect
their organization. Customers can compare their 2024 reimbursements
with proposed 2025 figures and see where they fall within the
impact range.
"In addition to offering the Impact Model, we are committed to
working with our customers and industry leaders to advocate on our
customer's behalf," said Scott
Pattillo, Chief Strategy Officer at HCHB. "We will be
submitting our comment letter to CMS, grounded in data-driven
analysis that reflects HCHB's 44% market share of home health
Medicare patients."
HCHB will continue monitoring home health agencies (HHAs)
through dashboards tracking the three behavior change assumptions
CMS uses to set payment rates. According to HCHB, the most
significant factor for CMS, expecting HHAs to prioritize
high-paying codes for more extended billing periods, is
contradicted by HCHB data. This raises concerns as the standard
payment amount faces a significant cut with the -4.067% Permanent
BA Adjustment Factor, adding to past cuts and the threat of further
temporary adjustments from CMS.
HCHB impact reports empower agencies to adapt and thrive. They
provide data for strategic planning, fuel advocacy efforts, and
give agencies time to innovate and prioritize patient care despite
ongoing reimbursement challenges.
About Homecare Homebase, LLC
Founded by industry veterans in 1999, Homecare HomebaseSM (HCHB) is
a Dallas-based software leader
empowering exceptional home-based care through hosted, cloud-based
technology solutions and administrative services. HCHB's customized
mobile solutions enable real-time, wireless data exchange and
communication between field clinicians, physicians and office staff
for better care, more accurate reporting and improved revenue cycle
management. HCHB's products and services streamline operations,
simplify compliance and boost clinical and financial outcomes for
home-based care agencies. Each year, over 200,000 HCHB users serve
approximately 800,000 patients daily, resulting in over one hundred
million visits. The company is part of the Hearst Health network.
For more information, visit http://www.hchb.com or call us
toll-free at 1-866-535-HCHB (4242).
About Hearst Health
The mission of Hearst Health is to help guide the most important
care moments by delivering vital information into the hands of
everyone who touches a person's health journey. Care guidance from
Hearst Health reaches the majority of people in the U.S. The Hearst
Health network includes FDB (First Databank), Zynx Health,MCG,
Homecare Homebase and MHK. Hearst also holds a minority interest in
the precision medicine and oncology analytics company Aster
Insights. Follow Hearst Health on X @HearstHealth and LinkedIn
@Hearst-Health.
Media Contact
Liz LeGrande, Homecare Homebase,
(214) 498-9524, llegrande@hchb.com, https://hchb.com/
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SOURCE Homecare Homebase