LTC Ally Articles

Effective financial management is crucial for the sustainability and success of long-term care facilities. As the industry navigates an increasingly complex landscape, decision-makers and financial planners must adopt innovative strategies to optimize their financial performance.  These real-world case studies demonstrate how implementing strategic financial practices can lead to improved operational efficiency and enhanced financial health. ... Practical Examples of Long-Term Care Financial Management Strategies

A Message from Our Leader, Michael Bauman: At LTC Ally, we’re committed to leading by example.  This means delivering exceptional service to our clients while continuously refining our own practices from within. Our recent CAREs Leadership Summit reflects this dedication, as we invested in actionable strategies to help our leaders and managers bring out the ... Fine-tuning Leadership: Q4 2024 Edition

In the complex world of long-term care (LTC), understanding who pays for long-term care and how payments are processed is critical to maintaining a facility’s financial health. For facility operators and financial analysts, knowing the major long-term care payers and effectively managing these relationships can mean the difference between smooth cash flow and financial bottlenecks. ... Understanding the Biggest Payers in Long-Term Care

In the complex world of long-term care, a solid financial foundation is crucial for the health of the business. For finance managers and operators, managing accounts receivable (AR) effectively is one of the most challenging yet critical aspects of maintaining that foundation. The Receivable Solutions Specialist plays a vital role in long-term care accounting, working ... The Role of a Receivable Solutions Specialist in Long-Term Care

As the healthcare landscape continues to evolve, payment models are also shifting. One significant change is the move by major payers from traditional per diem payments to episodic payments, a model in which reimbursement is based on the total care provided during a specific period or episode, rather than on a daily rate. While this ... Episodic Payments in Long-Term Care: A Strategic Approach for Skilled Nursing Facilities

Efficient billing and collections are critical for the financial health of any long-term care facility. With the complexity of long-term care billing and the constant changes in healthcare regulations, facilities often face challenges in maintaining cash flow, reducing receivables, and managing their revenue cycle effectively. As operations managers and finance teams seek solutions to optimize ... Mastering Billing and Collections for Long-Term Care Facilities

In today’s rapidly evolving healthcare landscape, long-term care facilities face increasing financial pressure to maintain profitability while providing high-quality patient care. The solution? A comprehensive approach to end-to-end revenue cycle management (RCM) that streamlines billing, reduces errors, and improves cash flow. For financial managers and executives in long-term care, understanding the intricacies of this process ... Maximizing Profitability: The Power of End-to-End Revenue Cycle Management in Long-Term Care