Webinar: Discover the Employee Retention Tax Credit: A High-Value Tax Planning Opportunity for Home Health Providers

When: Friday, December 8, 2023 | 3:00pm ET

Join us for this FREE webinar and learn more about the Employee Retention Credit (ERC) Tax Program, and how it can directly benefit providers like yourself in an ethical and efficient manner. You will also learn how you can claim substantial tax refunds for managing your practice, allowing you to redirect funds towards enhancing patient care, expansion, or other investment.

Our presenters include Strategic Tax Planning's Tax Directors, Erin Savery, CPA, MST and Richard Shank, CPA, CMA who will break down complex tax regulations into actionable insights, providing you with a clear roadmap to maximize tax savings for your agency.

CLICK HERE TO REGISTER!

Make a Difference This Holiday Season

With all the hustle and bustle of the holidays, it’s easy for us to forget how important it is for us to take time to advocate for the profession. We need as many letters as possible sent to Congress to avoid the impending 3.37% cut to the Medicare Physician Fee Schedule slated for January 1, 2024. If you want to learn more about the issue, read this article. We encourage you, your co-workers, staff, family, friends, and most importantly, your patients to take action using the Patient Action Center this holiday season.

It’s that time of year to mark your calendars for the 2024 APTA Capitol Hill Day that will take place April 14-16 in Washington D.C. Participants will receive advocacy training starting the morning of April 15^th and meet with members of Congress on April 16^th. More details are coming soon, and we hope you will save the date to advocate.

Let’s all have a New Year’s resolution this upcoming year to join our advocacy network. Only 12% of our association are part of our grassroots. Help advance the profession in 2024 by signing up today.

Contact Eva Norman, PT, DPT at [email protected] if you have any questions or want to get more involved!

Happy Holidays!

Showcase your innovations at the First Annual Physical Therapy Shark Tank

Save the Date! The APTA Academy of Leadership and Innovation with Innovation Lab present The  1^st Physical Therapy Shark Tank on Tuesday, January 30, 2024 at 2:30-3:30pm EST. 

Here’s your chance to dive deep into PT innovation! Are you a game-changer in the world of physical therapy? Are you developing groundbreaking products and solutions that can revolutionize the field? Showcase your innovations at the First Annual Physical Therapy Shark Tank, January 30, 2024.

The Grand Prize: $25,000 in Innovation Lab Services! Winner revealed in-person at APTA Combined Sections Meeting in Boston on Feb 14, 2024.

1. Jaime Stoffer, PT, DPT, MBA (Medline)
2. Drew Contreras, PT, DPT, SCS (APTA)
3. David Putrino, PT, PhD (Director of Rehabilitation Innovation for Mount Sinai Health System-and implementation of clinical trials for novel technologies)
4. Judy Deutsch, PT, PhD (APTA TechSIG and Professor, Rutgers University)
5. Conor Walsh, PhD (Professor, Harvard University)

The link to details:  https://www.aptaali.org/events/EventDetails.aspx?id=1796008

Home Health Providers Must Lean Into Mitigation Strategies To Combat CMS Cuts

Home Health Care News | By Joyce Famakinwa
 
It’s been almost a month since the U.S. Centers for Medicare & Medicaid Services (CMS) released the CY 2024 home health payment rule, and providers and industry stakeholders are still critical of the federal agency’s misconceptions about home health.
 
With cuts coming, operators must lean on mitigation strategies to prepare. That’s one key takeaway from a recent webinar hosted by home-based care technology company Axxess. 
In the wake of the final payment rule, industry players made waves for calling out what they viewed as CMS’ “dismissive” position when it comes to data and evidence provided by home health companies and advocacy groups.
 
Along these lines, some in the industry also believe that CMS has a distorted view of the home health’s profits based on faulty data. 
 
“They have a very clear picture of an industry that they believe is getting significantly overpaid, and is just rolling in the profits, which is why they don’t seem to care about the rate cuts,” Robert Markette, a health law attorney with Hall, Render, Killian, Heath and Lyman, said during the webinar. “Their data doesn’t reflect reality, and their data comes out of flawed cost reporting, primarily, and then whatever MedPAC does to get their numbers.”
 
Markette noted that CMS data paints a picture of reimbursement on Medicare exceeding home health costs by 45%. The federal agency’s data also has home health costs in 2022 decreasing by 2.9%, and average margins across the industry checking in at 24.9%.
 
“Last year, they did not impose the entire permanent cut, which means they’re going to have to consider a temporary cut in the future, and each year they tell us that temporary cut will get larger, and they don’t see that as a problem because they think we’re making these huge profits,” Markette said. “We have to deal with that math problem.” 
 
Although providers are still reacting to the final rule, it’s important to begin strategizing to lessen the impact of potential headwinds…

Read Full Article