Turning a Hospice Around Financially: Getting Positioned for the Future

Friday, April 22, 2016: 3:30 PM-4:30 PM
National Harbor 13 (Gaylord National Resort and Convention Center) - 3rd Level
Andrew Reed, CPA, Multi-View Incorporated, Hendersonville, NC
Many hospices are facing financial challenges and need a clear roadmap to profitability. The profitability of a well-run hospice can be astounding without sacrificing quality. This to-the-point session explores the major factors and specific practices of extraordinarily profitable hospices based on experience with over 900 hospices (predominately in the US) and enough hospice operational data to gain a statistical 99% confidence interval regarding the business of hospice.

Learning Objectives:
1. Describe the utter importance of profitability and sufficient financial reserves
2. Discuss how many mindsets have translated into very inefficient practices and why they need to be replaced with healthier business thinking
3. Identify seven of the most important factors and the related practices of profitable hospices (without community support)

CE/CME: Nurse, Physician and Social Worker