LTC Ally Articles

In the world of skilled nursing facilities (SNFs), accounts receivable management software is a game-changer. Cash flow goes beyond mere financial metrics; it’s the lifeblood of all daily operations. Many SNFs face significant challenges in managing their receivables, creating bottlenecks that strain resources and stifle growth. The Common Challenges in SNF Receivables Management  Effective Strategies ... How Accounts Receivable Management Software Boosts Cash Flow

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

In the complex world of healthcare, managed care contracts play a crucial role in shaping the financial and operational success of long-term care facilities. For facility operators and administrators, understanding how these contracts function is essential for navigating reimbursement rates, service provision, and regulatory requirements. This article will define managed care contracts, outline their key ... Understanding Managed Care Contracts: What They Are and How They Work

A Message From Our Leader, Mark Josefovic At LTC Ally, continuous learning is more than just an initiative – it’s embedded in our culture. We believe that fostering an environment of education not only empowers our employees but also keeps us at the forefront of the healthcare industry. Whether through structured programs within our departments ... The LTC Provider’s Playbook: Q3 2024 Edition

In the healthcare industry, ensuring the highest quality of care while maintaining cost efficiency is a complex balancing act. A specialized Ancillary Department can play a pivotal role in helping healthcare facilities optimize their operations, enhance patient care, and ultimately save money. Comprehensive Services in Rehab Facilities Rehabilitation facilities offer a broad range of ancillary ... The Critical Role of a Specialized Ancillary Department in Healthcare Facilities