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

Yogi Berra is famous for saying quotes that sometimes we didn’t understand. And one of the things that he said was: If you see a fork in the road, take it. Now. I’m not sure what that means. I don’t even know if he knew what that meant, but I think I’m going to take ... It Ain’t Over ‘Til its Covered – Medicare Advantage and COVID-19

Where’s the Cash? The Top 3 Causes for Aging AR in SNFs   As a team of outsourced AR professionals, we get asked this question constantly here at LTC Collections. Due to the nature of a healthcare facility, revenue streams mainly from insurance companies and government healthcare systems, like Medicaid and Medicare. That is why ... The Top 3 Causes for Aging AR in SNFs

A common complaint among skilled nursing providers is how to fill empty beds. Vacant beds count as one of the the biggest expense at skilled nursing facilities. Many nursing homes are consistently at 70% – 80% capacity in what is an extremely competitive industry. Many facilities have access to many referrals, but they are just ... 4 Proven Tips to Accept Referrals in Under 10 Minutes!

At LTC Collections, we are generally called in to help once a skilled nursing facility’s receivables are really in a mess. Of course, that’s what we do best – get you the cash from old receivables that your team has deemed un-collectable. In this article we will explain how we determine where to focus our ... Inside Tips – 3 Trends the LTC Collections Team Looks For When Cleaning AR.

Are Prior Authorizations for Skilled Nursing Really Necessary? What Covid19 Has Taught Us Due to the Covid19 pandemic, many insurers waived the need for the initial prior authorizations for patients at skilled nursing facilities, which has us questioning, were these  auths really beneficial in the first place? Watch Steve Shain, COO of LTC Contracting, discuss prior ... Are Prior Authorizations for Skilled Nursing Really Necessary? What COVID-19 Has Taught Us

Staying Alive and CMS Waiver 1135 A COVID-19 Managed Care Update I hope wherever you are, you are staying safe, acting smart, and keeping strong throughout these very challenging times. I’m going to take a tip from everybody on this platform , that is trying to help others out with information as much as possible ... COVID19: CMS Waiver 1135 – Here’s what you need to know