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- Hospice Billing
Financial Reporting in Hospice Billing
While common sense would suggest that larger agencies with bigger resources would have the most helpful financial statements and reports, often the opposite is true. Everyone, and especially healthcare, has felt the growing problem of ‘data bloat’ over the past decades. Financial reporting certainly plays a large part.
Our team at Advanced Hospice Management and our partners at Blackmor, CPA are fortunate to have served in various financial and billing roles for hospices of all sizes, program types and ownership structures. Today, however, we want to focus on some of the common accounting, RCM and financial reporting pitfalls for larger hospices, especially those owned by hospitals or ‘rolled up’ into a larger entity framework.
One of the most common issues we see in these larger frameworks is a lack of visibility into hospice-specific performance. When hospice billing is absorbed into broader health system operations or centralized under a corporate umbrella, key indicators like unbilled claims, aging reports and denial trends can become diluted.
This not only delays cash flow but creates blind spots in decision-making. Without hospice-specific reporting, leadership teams often struggle to identify where revenue is falling short or which operational changes could improve financial health. Our goal is to bring that clarity back, with streamlined, hospice-focused reporting that empowers teams to act confidently and effectively.
