Discuss why home health agencies must examine their practices and payor mix to remain viable in today’s environment.

Home health agencies must examine their practices and payor mix to remain viable in today’s environment because of the increasing complexity of the healthcare system. With the advent of managed care, government regulations, and changes in payment systems, home health agencies must stay up to date with current trends in order to retain or even increase their revenue sources. Additionally, it is important for home health agencies to assess their current practices and payor mix as reimbursement rates for services offered by Medicare or private insurers are constantly being adjusted.

By analyzing these trends, home health agencies can develop strategies to maximize coverage from existing clients as well as identify new opportunities for service expansion that can lead to higher revenues. Moreover, examining practices and payor mix will help home health agencies make informed decisions about which services they should offer. This will allow them to better meet their clients’ needs while taking into consideration any potential financial risks associated with certain services provided.