I do not intend to be overly dramatic, but I think it is good practice to explore the reasons why many hospices either go out of business or get themselves into deep financial difficulties.I do not want to create fear, but it is far better to be aware than to be non-existent! These “killers” are […]
As I look across the hospice landscape as it relates to the “Model”, I believe there are many entities that think they are “doing the Model” when in fact, the implementation is quite shallow. I do not say this in order to make anyone feel bad about their progress (we are ALL making progress!), but […]
Again, we took a few minutes and ran queries in the MVI Benchmarking Application (BA) to get stratified data that compares rural, urban and mixed hospices. Below are the results. In this article, as in all articles of this nature, we will not interpret the numbers, but will rather let the numbers speak for themselves. […]
We ran several queries in the MVI Benchmarking Application (BA) to get some stratified data that compares hospices with and without Palliative Care programs. Below are the results. In this article, as in all articles of this nature, we will not interpret the numbers, but rather will let the numbers speak for themselves. Does having a […]
There have been a number of instances of fraud in the hospice community as of late. Over the years, I have witnessed numerous situations where embezzlement schemes have surfaced. Most of the time, they are detected when a long-standing “trusted” employee is forced to take a vacation or when there is a change of duties. […]
We ran multiple queries in the MVI Benchmarking Application (BA) to get some stratified data by Hospice ADC Range size. Below are the results. In this article, as in all articles of this nature, we will not interpret the numbers, but will rather let the numbers speak for themselves. Does size matter? We have also […]
In light of the recent infamous Ides of March, we decided to highlight an area of accounting and finance that has garnered huge headlines in the last decade: the backstabbing act of fraud. Et tu, Brute? We all know what fraud is, but what distinguishes it from run-of-the-mill negligence is that it’s willful deception or […]
What is the best way to do On-Call? I’ll share what some of the best do. But first, let me share this. I think no one should be excluded from On-Call duties. If the message “you don’t have to do call” is communicated, it sends a VERY unhealthy signal through the organization. I believe in […]
It’s 2012 and changes are coming NOW in how we operate our hospices. It is an ideal time to look at your benchmarking numbers. Go ahead and print out your Executive Dashboard report from the MVI BA. It should only take you less than a minute. Take a hard look at your numbers compared to […]
You may not think a single percentage point variance is a big deal. But, each percentage point represents a lot of money. As we look at profitability in the hospice world, it often boils down to single percentage points. Usually when a hospice is doing well financially, the operational profit does not come from one […]
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