Optimizing Hospice Finances: Combating Losses and Enhancing Profitability
Over 8,000 U.S hospices face financial issues due to improper billing and high employee turnover. Inadequate billing practices and inefficient documentation can lead to significant financial losses in hospices. High employee turnover rates and poor inventory management negatively affect the financial stability of hospices. Hospices can reduce costs by retaining staff, leveraging technology, monitoring spending, and negotiating contracts. Despite financial […]
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