Many organizations within Healthcare will write articles, at this time of year, reflecting on the year that’s passed and perhaps making a few predictions about 2025 We at io HealthTM would like to offer our thoughts on what we have learned about optimizing performance in the home health sector below but to also offer our ideas about how this could apply to other home health agencies-large and small. As you will see, this includes a description of some of the highly practical steps and changes we have made in our own business and the very tangible and successful outcomes this has had -particularly on our bottom line. In addition, we also describe below, and show in graphs and charts, how these successes are a recipe for success for all home health agencies and lead to equivalent outcomes.
Key Achievements in 2024
Revolutionizing OASIS Documentation
When we launched io HealthTM in February 2024, we set out to solve one of the industry’s most pressing challenges: documentation efficiency. Our AI-powered solution has successfully reduced documentation time by over 40 minutes per start of care, allowing clinicians to focus on what matters most – patient care.
Driving Revenue Growth Through Accuracy
One of our proudest achievements has been helping agencies optimize their revenue cycle. By improving functional scoring accuracy by nearly 10 points and streamlining comorbidity documentation, we’ve helped our partners achieve an average 12% increase in revenue per episode. This isn’t about gaming the system – it’s about ensuring agencies receive the reimbursement they truly deserve for the care they provide.
Preparing for 2025’s Challenges
The home health landscape is evolving rapidly. With Medicare Advantage now representing over 50% of beneficiaries and reimbursing at two-thirds the rate of traditional Medicare, agencies need every tool at their disposal to maintain sustainability. Add to this the upcoming requirement for OASIS documentation across all payers in 2025, and the need for efficient, accurate documentation becomes even more critical.
Our Commitment to Innovation
- As we look toward 2025, we’re doubling down on our commitment to innovation:
- Enhanced AI capabilities for revenue cycle optimization
- Streamlined scheduling and patient assignment systems
- Advanced route optimization for reduced drive times
- Electronic patient handbook solutions for improved efficiency
Partnership Approach
What sets us apart isn’t just our technology – it’s our approach to partnership. We believe in aligning our success with our partners’ success. When agencies win, their clinicians win, and most importantly, patients receive better care. This philosophy has driven our development roadmap and will continue to guide our innovations in 2025.
Results That Matter
Our partners’ success tells the story:
- 12% increase in revenue per episode
- Significant reduction in documentation time
- Improved clinician satisfaction
- Enhanced compliance and accuracy
Looking Ahead
As we enter 2025, we’re more committed than ever to helping home health agencies thrive in an increasingly challenging environment. The upcoming changes in Medicare reimbursement and OASIS requirements aren’t just challenges – they’re opportunities to innovate and improve.
To our partners who have trusted us on this journey: thank you. To those considering how to prepare for 2025’s challenges: we’re here to help. Together, we can ensure that home health agencies don’t just survive but thrive in 2025 and beyond.
Transform Your Agency
Experience how smart documentation can increase your revenue while saving your clinicians time. Our pilot program gives you hands-on access to our OASIS optimization tools with dedicated support.
io HealthTM is committed to empowering home health agencies with innovative solutions that enhance patient care, improve operational efficiency, and ensure financial sustainability.
