The Health Group, LLC
The Health Group, LLC is available to meet the cost reporting, corporate compliance, Medicare enrollment and state licensure, strategic planning, accounting and financial reporting assistance, merger/acquisition and general healthcare financial consulting needs of healthcare providers. These services are provided by professionals of The Health Group, LLC and our network of professional resources across the country.
Our professionals have extensive experience working with hospitals, nursing homes, physician practices, clinics, hospice, home health, HME and other healthcare providers. We focus on providing services that assist our clients to accomplish their respective objectives.
Our clients are located across the country. Whether your organization is proprietary, tax-exempt, or governmental; free-standing or provider-based, we have the resources to meet your healthcare financial needs.
Additionally, we provide extensive educational information and updates to our clients, our referral sources, and others in support of the healthcare industry including national and state healthcare associations. We look forward to hearing from you or meeting with you to discuss how The Health Group, LLC can be a valuable resource in your healthcare endeavors.
The U.S. Centers for Medicare & Medicaid Services (“CMS”) has released its second draft of the revised, new, Hospice Cost & Data Report. The report requires extensive changes in reporting financial and statistical information based on the four levels of care (“LOC”). Hospices will need to modify their existing chart of accounts as well as processes for the accumulation of financial and statistical information.
The Hospice Cost & Data Report is now a completely different report than the one currently filed with the Medicare program. Information used to complete the report in the past will be insufficient to meet the new reporting requirements. Comments on the second draft of the report are not expected to cause any significant changes in the revised report issued by CMS. Hospices, including provider-based hospices, need to begin internal preparation for the accumulation of the financial and statistical information that will be required. Additionally, hospices need to work closely with those actually preparing the report to strategize to ensure all the information required is being accumulated with the beginning of their applicable cost reporting period.
The Health Group, LLC has been developing initial plans for all of its clients since the first draft of the new report was released in April 2013. These strategies, practice aids, and other cost reporting tools will be shared with attendees at the upcoming educational programs being offered.
The Health Group, LLC is pleased to announce that plans have been finalized for the upcoming educational program, “Preparing for and Completing the New Hospice Cost Report”. This program will be offered at two separate locations, Monte Carlo Resort in Las Vegas and The Yacht Club in Disneyworld Orlando.
This 1½ day program represents the most comprehensive training available on the new Hospice Cost & Data Report effective for cost reporting periods beginning on or after October 1, 2014. The program is directed at CEOs, CFOs, Controllers, Accountants, and those individuals responsible cost report preparation or data accumulation (financial and statistical).
Early registration is encouraged as space is limited and early registration discounts are available. The program brochure and registration information can be accessed here.
The Medicare program has released, effective July 2, 2012, a new addition to the Medicare Benefit Policy Manual. The new addition, “Caps and Limitations on Hospice Payment”, provides detailed information regarding the two methods for computing the aggregate payment cap (“CAP”), the transition from the historical streamlined method to the proportional method, and elections available to hospices. MLN Matters ®Number MM7838 is very useful to hospices in understanding the alternatives available.
The Health Group, LLC issues regular news updates on healthcare financial and compliance matters. The Health Care Alert, Home Health Alert, and Hospice Alert are available without charge to anyone having interest in these matters. If you are not receiving these or know someone who should be receiving these, let us know at firstname.lastname@example.org.