Nothing brings out the best in people like budget season. And most Multi-View clients know that we council against budgets altogether in favor of Models. But we know the realities that boards impose. Sometimes you just need a precise static budget—and you need it fast. We can take the sting out of budgeting. That’s what […]
If your fiscal year ends on December 31, 2013, you will submit one more cost report in the old format. After that, you will most likely submit the “sequel” – a much more detailed and demanding version. To-date, this is a proposal…a proposal that we feel will become reality. However, fear not. MVI has been […]
This month, we are using the MVI Benchmarking Application (BA) to review hospice IPU performance. We took a few minutes and ran queries in the BA to get stratified data. 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. […]
On July 22 & 23rd the hospice world moved forward as the most important topic was intensely explored! It is very difficult for me to comprehend how we overlooked the obvious for so long. Perhaps this is the nature of evolution. However, as the class moved through the challenging material, exercises and structures, you could […]
An interesting trend is occurring with MCOs (Managed Care Organizations) and ACOs (Accountable Care Organizations) and their relationships with hospices. Many are choosing to partner with hospices that do the Model over those that don’t. My jaw has dropped repeatedly since the end of 2012 and throughout this year as I witness hospices using the […]
If a hospice has moved from the paradigm of being “a provider of care” to that of being “a teaching organization” first and foremost, then teaching clinicians “how to teach” during the visit would be a topic that would receive tremendous intention. It should not be assumed that clinicians inherently have these skills. These teaching […]
Those who adapt survive. For years Andrew’s Hospice CFO training course has contained the following exam question: “When Medicare cuts hospice rates, what three things will happen?” Hospice visionaries and pioneers are not surprised by cuts to Medicare reimbursements. Nor are they alarmed. Good hospices will adjust their models and continue to provide stellar care […]
I did not write the CFO Bible. My opinion is not significant…except for the fact that I have been a CFO, and have trained and witnessed more than a thousand CFOs at this point in my career. What should be important to you and your respective hospices is how competent you are as a CFO. […]
Are you an outlier? Though this term can carry a negative connotation in the reimbursement and regulatory worlds, here we are viewing it positively. It is an interesting topic to contemplate. Secretly, most individuals seek differentiation and want to be recognized, at least according to Maslow and his Hierarchy of Needs. Or we could cite […]
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 […]
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