I just came across a new survey by an independent firm to assess healthcare organizations’ (mostly hospitals) understanding and preparation for the development of Accountable Care Organizations (ACO.) The respondents were 200+ CEOs, COOs, CFO, CIO and other “C” types. Very, very smart people. Guess what? They don’t have it figured out either. This particular survey had quite a bit of contradictory data. Although 90% of the respondents said they were in the ACO planning or … [Read more...]
Don’t Leave Money on the Table
September 13, 2011 By Leave a Comment
If you are not managing your rehabilitation business to budget, you may be leaving money on the table. A budget planning process forces you to think through your whole business model. White it’s not written in stone, a budget acts as a benchmark for you to compare actual activity to projected activity. A monthly review of your Financial Budget and a weekly review of your Operations Budget quickly identities problems and allows you to nimbly make strategic adjustments. Metrics That … [Read more...]
CMS Revalidation: What it Means to Physical Therapy Practices
September 9, 2011 By 2 Comments
If you received a letter from The Centers for Medicare & Medicaid Services (CMS) requesting that you re-validate your Medicare enrollment, you’re not alone. More than 1.4 million healthcare professionals will be notified between August 2011 and March 23, 2013. The re-validation process is part of CMS’s massive anti-fraud effort. While re-validation has always been required of Medicare providers, it has not been widely enforced. As a rehabilitation practice owner, here is what … [Read more...]
