DALLAS, TX, JULY 13, 2023 – Homecare HomebaseSM (HCHB), the leading software for home-based care has released an updated HCHB Analytics Home Health Impact Report Model. This update was released less than two weeks following CMS’ publication of the 2024 Home Health Proposed Rule. The tool helps customers quickly and accurately identify the potential impact of proposed and final Medicare reimbursement changes on their unique agencies.
Utilizing the model, HCHB conducted a comprehensive examination and identified a -2.66% impact across its customer base (representing almost 50% of all Medicare visits). This represents a more significant cut than the -2.2% estimated by CMS.
Users can gain immediate insight into how these changes will impact their business models well before the changes take effect next year. HCHB users have the ability to contrast their potential reimbursement under the proposed model with their current reimbursement. This comparative analysis provides leaders with insights into the anticipated impact of the proposed rule on their particular organization.
The impact model dissects compensation based on standard timeframes, LUPAs, and outliers. With a built-in comparison of wage index changes, this tool provides organizations with the detail necessary to gather a complete picture of the expected changes.
Agencies are empowered to use this information not only for strategic planning, but for their industry advocacy efforts as well.
“Data-driven insights are the very heart of HCHB Analytics, which delivers real-time insight to inform best practices and plan strategies for long-term success” stated HCHB Chief Executive Officer Scott Decker. “The impact reports are a vital resource that helps our customers pivot to stay ahead of proposed regulatory changes. It gives them the runway to create innovative solutions and focus on exceptional patient care.”
About Homecare Homebase, LLC
Homecare Homebase is a Dallas-based software leader offering hosted, cloud-based solutions to streamline operations, simplify compliance and boost clinical and financial outcomes for home-based care agencies. Our customized mobile solutions enable real-time, wireless data exchange and communication between field clinicians, physicians and office staff for better care, more accurate reporting, and improved revenue cycle management. Founded by industry veterans in 1999, HCHB empowers over 200,000 users to service more than 800,000 patients daily, resulting in over one hundred million visits per year. The company is part of the Hearst Health network. For more information visit www.hchb.com or call us toll-free at 1- 866-535-HCHB (4242).
About Hearst Health
The mission of Hearst Health is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person’s health journey. Care guidance from Hearst Health reaches the majority of people in the U.S. The Hearst Health network includes FDB (First Databank), Zynx Health, MCG, Homecare Homebase and MHK (formerly MedHOK). Hearst also holds a minority interest in the precision medicine and oncology analytics company M2Gen. Follow Hearst Health on Twitter @HearstHealth and LinkedIn @Hearst-Health.