I can think of no better time than the approaching holidays to share our sincere appreciation for our many clients and colleagues, who continue to allow Simione to help home care and hospice organizations grow and thrive in changing times. While many of you are already aware of our new
leadership plans at Simione, I want to take this opportunity to announce the promotion of
William J. Simione III, as Managing Principal, effective January 1, 2017.
A veteran in home care and hospice finance and operations, Bill has served in a growing capacity with Simione since 1990, and is well prepared to lead our continued work to improve the delivery of healthcare at home and the business performance of our industry as a whole.
As I look forward to retirement and some continued consulting work on behalf of home care and hospice, Simione remains ready to support your strategic, quality and financial goals in the New Year and beyond.
May your days be filled with peace, hope and joy this holiday season. As always, thank you for your business, loyalty and support.
Robert J. Simione, Managing Principal,
and the Entire Team at Simione Healthcare Consultants
Staff Appointments & Designations
Ruth Recchia, RN, CHPN, Senior Manager, has achieved certification in coding, earning the designation of HCS-H (Homecare Coding Specialist - Hospice).
David Berman, CPA, CGMA, CVA, Principal, was appointed as a member of the Payment & Reimbursement Committee of the Home Health & Hospice Financial Manager's Association.
The committee assists members and the National Association for Home Care & Hospice in developing strategy, advocacy and education to support financial performance improvement among providers.
Medical Supplies: Don't Neglect Tracking for Cost Reporting, Bookkeeping and Billing Needs
Medical supplies are essential to providing home health care and carrying out physician orders for the treatment or diagnosis of the patient's illness or injury. But when it comes to cost reporting, bookkeeping, and billing, medical supplies tend to be one of the more neglected areas of business operations.
The reason medical supplies tend to be "forgotten" can be attributed to the fact that the payment for the cost of the supplies is bundled under home health PPS. Reimbursement is already incorporated into the per visit and episode payment rates. Providers tend not to track their supplies as diligently as they should, presumably because it does not have an impact on their reimbursement.
Although reimbursement may not be directly influenced by supply costs or charges, it is a requirement of CMS that all non-routine supplies furnished to a patient during an episode of care be reported on the final claim, as well as tracked separately with the cost of these supplies reported on the year-end Medicare Cost Report. CMS uses data collected from both cost reports filed and claims submitted to determine future reimbursement rates. For this reason, it is imperative that providers accurately track and report medical supply costs and charges, both in their general ledger and on their Medicare claims.
WEBSITE ENHANCEMENTS: Check Out Our New Look, and Resources to Improve Support for Home Care & Hospice
We've launched a new Simione.com! We hope you will enjoy the updated widescreen format for desktop viewing, improved navigation, and enhanced view for visiting the site on your personal devices. Take a look at the following features: