In this age of aging, the demand for home care has risen — but in order to maximize profits, agencies in the sector must make a few simple, but key, changes. While experts have previously noted the importance of getting creative with service offerings and pursuing various payment streams, others say finding success has more […]
Home health patients have long suffered from ailments relating to their tissues and organs, but one award-winning startup aims to eventually solve these aging problems entirely through the use of 3-D printing technology. That’s the idea behind BioBots, which had a sort of Facebook-esque start in a University of Pennsylvania dorm room last year. But […]
As one of the fastest-growing sectors in the United States, home health care is teeming with activity — from acquisitions and partnerships to new leadership appointments and promotions. Here’s the latest news buzzing around the industry: Private Equity Firm Acquires Home Care Provider J.H. Whitney Capital Partners, LLC, a middle-market private equity firm, announced recently […]
It’s no secret that caregiver turnover plagues the home care industry. But the 9% increase in turnover this year, coupled with the growing shortage of caregivers, could leave industry players strapped for survival. Over the past year, the median caregiver turnover rate spiked 9% to about 61% in 2015, said Aaron Marcum, founder and CEO of […]
Home care may be the cheapest care setting for aging Americans, but most baby boomers still aren’t confident they’ll be able to afford it in retirement, according to a recent survey by the Insured Retirement Institute (IRI), a nonprofit association. Only 19% of all boomers in the fifth annual survey reported being “extremely” or “very […]
Caregivers continue to post an average pay rate of $10 per hour — a wage that is significantly impacting more than just the workers themselves, new research shows. According to the latest Caregiverlist survey, about 26% of survey respondents — professional caregivers employed with senior care companies — reported receiving $10 an hour. The next most […]
As one of the fastest-growing sectors in the United States, home health care is teeming with activity — from acquisitions and partnerships to new leadership appointments and promotions. Here’s the latest news buzzing around the industry: Linda Rhodes Joins Care Angel as Chief Caregiving Officer Care Angel has announced that Dr. Linda Rhodes, former Secretary […]
As part of an ongoing nationwide battle over home care worker organizing efforts, a coalition of care providers, consumers and workers has sued Pennsylvania Gov. Tom Wolf. The suit challenges his executive order, which they say establishes a process to unionize workers hired directly by consumers. Among those disputing Wolf’s Executive Order 2015-05 are The Pennsylvania […]
The Medicare home health model has failed patients with Alzheimer’s disease, according to recently published findings, which call into question the effectiveness of the home health prospective payment system (PPS). The study, authored by William D. Cabin and published in the journal Social Work, argues that while the PPS has existed for 13 years, cracks […]
As one of the fastest-growing sectors in the United States, home health care is teeming with activity — from acquisitions and partnerships to new leadership appointments and promotions. Here’s the latest news buzzing around the industry: Home Instead Appoints Jeff Huber as CEO Home Instead, Inc., the franchisor for Home Instead Senior Care, a leading […]
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