LONG-TERM CARE: The Most Overlooked Billing Opportunity For SNFs
Many nursing homes accidentally volunteer for a cut in their Medicare reimbursement.Nursing home administrators often find their eyes glazing over when talk turns to Part B billing for ancillary supplies. But taking a fresh look at this area could be a great way to boost profits."A lot of providers simply let their suppliers bill Part B" for ancillary supplies, reveals Sue Worden, a consultant with Richter & Associates in Beachwood, OH. That's a costly mistake, she contends. With careful recordkeeping and cost-effective contracts with suppliers, nursing facilities can bring in revenue that they'd otherwise do without.Good...
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