This is a problem that comes up in nursing homes at times. You have a nursing home resident that goes home in the middle of their 100-day Medicare benefit period. They get home, have a decline, and need to come back to you. If they need skilled services within 30 days of the discharge from your facility, you can accept them back under Part A without a new 3-midnight hospital stay. If they’ve stayed out of the skilled nursing...
Read MoreAdministrator’s Cheat Sheet to Accounts Receivable
Every company is different, but something that happens frequently is that an administrator is hired and put in charge of the building without much training on how and what to monitor. Sometimes, one needs a little direction. Today, we’ll talk about how to monitor your accounts receivables and the basic things you need to know to stay off the AR “Focus” conference calls. (You get on a focus call with corporate when...
Read MoreReimbursable Bad Debt – How 90% of Nursing Homes are Losing Thousands in Revenue Each Month
Many Nursing Home Administrators and Business Office Managers do not fully understand the concept of Medicare Reimbursable Bad Debt or realize the potential dollars they may be forfeiting. I am going to try to break it down so that you can stop losing money and capitalize on an opportunity sitting right in front of you. Let’s set up a typical NH scenario: Resident Jane Doe fell at home and broke her hip. She was admitted into the...
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