Home Health, Hospice Seller Agency Health Check | Maxwell TEC

Seller Agency Health Check

At Maxwell TEC, we offer more than just evaluations – we provide a strategic pathway to clinical, financial, and operational success tailored for home health and hospice agencies. Our in-depth home health and hospice seller agency health checks are designed to unlock your agency’s full potential, ensuring you’re in the best position to command top dollar in the market. In this blog, we’ll discuss how partnering with MTEC on your agency sale can take your agency to the next level through our actionable insights and strategic recommendations.  

Why partner with Maxwell? 

Our industry experts and well-experienced team strategically manage the entire evaluation process for your agency. The MTEC team consists of former industry executives and veterans with an average of 15+ years of experience in the evolving post-acute sector who know the ins and outs of the entire due diligence process. Our understanding of clinical operations and technological innovations allows us to assess all facets of your agency and find ways for optimization. We leverage advanced analytics and industry-specific insights to provide comprehensive evaluations, ensuring your agency makes informed decisions with confidence.  

Our home health and hospice seller agency health checks offer strategic guidance tailored to the unique challenges facing your agency. From initiating the sale project to delivering detailed reports, our team coordinates timelines, manages deliverables, and maintains clear communication with your team and stakeholders throughout the entire sale process. We are a guidebook for your agency. Our knowledge and expertise in due diligence is unparalleled and one we pride ourselves on.

Breaking down the process 

At Maxwell, before delving into the entire home health and hospice seller agency health check, we believe conducting pre-due diligence is important to enhancing many things such as: 

• Marketability
  Identifying and correcting potential red flags before formal due diligence is crucial to establishing an efficient course of action.
   
• Maximization of your agency’s value
  Examining your agency’s financials, operations, and compliances in making sure they are in peak condition to command a maximum dollar amount is important in ensuring we have the right numbers in place to start our seller health check.
   
• Streamlining of transactions
  At the end of the day, we want to mitigate any and all risks that could lead to transactional delays and/or the reduction of your agency’s potential offers.
   

What our home health and hospice seller agency health check entails 

Our in-depth analysis includes thorough reviews such as: 

• Assessment of employee data such as employee lists, labor details, FLSA status, turnover rates, and employee benefits. 
   
• Clinical quality, where we conduct chart audits, care planning reviews, assessments of compliance standards with clinical policies, and evaluation of QAPI processes and CMS Star Ratings.
   
•  We analyze your agency’s billing processes, claim denials, and financial stability to enhance efficiency and reimbursements. 
   
• Regulatory compliances to ensure your agency adheres to all relevant state, federal and managed care organization guidelines.
   
• Strategic market analysis to evaluate your agency’s market positioning, competitive environment, and growth opportunities. MTEC provides insights into referrals, coverage areas, and strategic business opportunities. 
   
• IT and Data Security to review your IT infrastructure and data security practices to ensure effective governance, risk mitigation, and compliance with industry standards.
   
• Transparent reporting, in which we receive comprehensive reports with detailed findings and actionable recommendations to allow stakeholders to make informed decisions to enhance organizational performance.  

Our robust home health and hospice seller agency health check means presenting a well-evaluated, compliant, and strategically positioned spot for your agency to be in to present to potential buyers. Our evaluations not only identify areas for improvement but also highlight your agency’s strengths, making it that much more attractive in the market.

This blog was originally published as "Unlocking Your Full Potential with MHA's Home Health and Hospice Seller Agency Health Check" by Cole Sorensen on October 15, 2024, for Maxwell Healthcare Associates. The Maxwell TEC editorial team has since updated this article to ensure accuracy and relevance.