[3968] The Bottom Line of Better Care | Budgeting Strategies for Financial & Operational Success
Explore practical approaches to budgeting that support both financial sustainability
and high-quality care delivery.
Presentation Info:
- TAHC&H Event | 56th Annual Meeting | Rich-Media Presentation Capture | Online On-Demand Access
- Presentation Date: August 27, 2025
Program Description:
Effective budgeting in home health, hospice, and home care is more than number-crunching — it's a strategic tool to align resources with patient needs,
regulatory requirements, and organizational goals. This session will explore practical approaches to budgeting that support both financial sustainability
and high-quality care delivery. Learn how to build, monitor, and adapt budgets using real-world data, productivity metrics, and forecasting models.
Whether you're a financial leader or clinical manager, this session will equip you with actionable insights to strengthen fiscal performance and operational outcomes.
HCSSA Topic(s) Addressed:
- §558.259[d][4] agency responsibilities
- §558.260[a][3] basic principles of management in a licensed health-related setting
- §558.260[a][7]financial management
Education-Training Credits:
- TX HCSSA Administrator/Alternate Continuing Education
- Continuing Education for Nurses
- 1.0 Contact Hr(s)
- This program awards CNE until 08.27.2027
Texas HCSSA CE Approval Statement
This program meets continuing education requirements for Administrators and Alternates under Texas HCSSA licensing regulations.
Nurse CE Approval Statement
Texas Association for Home Care & Hospice is an approved provider of continuing nursing education by Louisiana State Nurses Association,
an accredited approver by the American Nurses Credentialing Center's Commission on Accreditation. LSNA Provider No. 4002151
Requirements for Successful Completion:
To receive continuing education credits for this online presentation, the participant must view the entire online presentation, complete an evaluation, and post-test attestation.
Reporting of Perceived Bias:
Bias, as defined by the American Nurses Credentialing Center's Commission on Accreditation (ANCC COA/LSNA) is the tendency or inclination to cause partiality, favoritism, or influence.
Commercial bias may occur when a CNE activity promotes one or more product(s) (drugs, devices, services, software, hardware, etc.). This definition is not all inclusive and participants
may use their own interpretation in deciding if a presentation is biased. The ANCC COA is interested in the opinions and perceptions of participants at approved CNE activities,
especially in the presence of actual or perceived bias in continuing education. Therefore, ANCC invites participants to access their ANCC Accreditation Feedback Line to report any noted
bias or conflict of interest in the education activity.
The toll-free number is 1(866) 262-9730.
TAHC&H Faculty/Presenter(s):
Michael Simione, MBA, SimiTree, VP of Post Acute Data Analytics
About the Presenter(s): Michael Simione
Michael joined the SimiTree team in 2011 and has over 12 years of healthcare consulting experience.
As Managing Director of Financial Consulting for SimiTree, Michael Simione heads a team of financial experts
whose work leads the nation each year in the number of cost reports prepared for Medicare-certified hospice agencies.
In addition,he also collaborates with SimiTree’s growth and operational teams to assist hospice agencies
with strategic planning and operational assessments that allow organizations to leverage their strengths while
simultaneously addressing their weaknesses in order to improve financial performance. Simione’s areas of
expertise include, budgeting, data analytics and benchmarking, and his extensive work with SimiTree has
included development of comprehensive financial, clinical, and staffing analysis tools to improve client
efficiencies and financial performance. Michael Simione has a Bachelor of Science (BS) in Chemistry
from Bucknell University, and a Master’s degree in Business Administration (MBA) from Quinnipiac University.
[3968] The Bottom Line of Better Care | Budgeting Strategies for Financial & Operational Success
