Monday Apr 24, 2023
Payment Trends and Payment Collection Posting
Lynn Labarta and Jess Stover discuss the importance of payment trend analysis and payment collection posting for hospice care facilities. They explore how these two practices go hand in hand, and why it is crucial for administration to have a good understanding of payment trends to be able to manage their agencies effectively. Payment trends can help hospice care facilities identify any red flags, such as significant drops in revenue, giving them time to investigate the reasons behind such drops and make necessary corrections. Lynn and Jess also delve into denial trends and how monitoring them closely can help facilities make proactive decisions on certain payers to avoid significant revenue losses.
They also emphasize the importance of posting daily to help maintain clean AR reports and speed up cash flow. Jess and Lynn also go through the domino effect of poor upstream processes on billing, making it a challenging role that demands careful attention to detail. Join us for this episode of Simitree Health 360, "Payment Trends and Payment Collection Posting."
Jess Stover, Principal, SVP, Post-Acute RCM
Jess Stover is a healthcare consultant specializing in revenue cycle and operational assessments for home health and hospice organizations. With a focus on project management and leadership, she enjoys supporting and developing her consulting team to serve as strong contributors to their clients.
Lynn Labarta, VP of Post-Acute RCM
Lynn Labarta, VP of Post Acute RCM and the founder of Imark Billing (now SimiTree) has a wealth of experience in the healthcare industry. Lynn provides comprehensive billing services for home health and hospice agencies, streamlining their revenue cycle management process while supporting and managing billing challenges and evolving policy changes.
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Great conversation! It’s incredible the big impact that accurate and timely cash posting has in Accounts Receivable.
Thursday Apr 27, 2023
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