Business

8 Ways to Make Hospice Billing Easier

Published

2 years ago

December 27, 2022

Hospice billing can be complicated and time-consuming. It requires accuracy, not to mention the ability to stay updated on policies, procedures, and regulations. Fortunately, there are some simple steps you can take to make the process simpler and more efficient. Let’s explore six strategies for streamlining your hospice billing process.

Utilize Billing Software

Dedicated software for your hospice billing needs can save you time and energy. It automates many of the complex tasks associated with hospice billing. You can check a good review of hospice billing services online for options.

The right software will help you quickly complete claims and keep track of payments, ensuring that nothing slips through the cracks. This is especially important when dealing with Medicare reimbursement since errors could result in costly delays or denials.

Train Your Staff

A successful hospice billing process requires trained staff who understand all aspects of the system. Ensure everyone involved in the process thoroughly understands Medicare regulations regarding hospice care and other applicable rules and guidelines. You can also hold regular training sessions so that everyone stays updated.

Have Clear Policies & Procedures

Establishing clear policies and procedures can help ensure that everyone is on the same page when it comes to completing claims for payment, tracking payments, and resolving disputes or complaints quickly and efficiently. Clear policies will also help reduce errors in submitting claims or expense monitoring information, which can lead to costly delays or denials from insurers or government agencies such as Medicare or Medicaid.

Implement Quality Control Measures

Quality control measures should be in place at all times to ensure accuracy with data entry, coding, and more, as well as provide oversight for any issues that may arise during processing claims for payment or tracking payments related to those claims. This will help identify any problems before they become more significant issues down the line.

Utilize Automation When Possible

Automation is critical when trying to streamline your hospice billing process. It allows you to quickly complete tasks such as entering patient information into your database, creating invoices, generating reports, and more without manually doing each job every single time. Automation also helps reduce human error, which often leads to mistakes during data entry, coding, and more, resulting in costly delays or denials from insurers/government agencies.

Use Cloud-based Systems

Cloud-based systems are becoming the norm in healthcare today. They allow easy access and secure storage of billing data anywhere with an internet connection. This makes it easier for providers to keep track of their finances without worrying about losing important information due to hardware failure or natural disasters.

Stay Up To Date On Compliance Requirements

You need to stay abreast of all current compliance requirements so that you don’t miss out on any opportunities for reimbursement from insurers or government agencies. Additionally, you must be aware of any changes in policy or procedure from those entities so you can adjust accordingly if necessary.

Monitor Denials Closely

It’s essential to pay close attention to denials from insurers. This way, you can identify any issues causing problems with reimbursements or payments being processed correctly or on time. Regularly monitoring denials helps ensure that there are no underlying issues with your billing processes that need to be addressed for costs to go through without delay or complication.

Conclusion

Streamlining your hospice billing process doesn’t have to be an overwhelming task. You can take many simple steps to add efficiency to your system’s day-to-day operations. From looking at a good review of hospice billing services online to closely monitoring denials – these strategies will go a long way toward simplifying your hospice billing process.

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

5 hours ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.