Having the right kind and right number of front-line staff is critical to a home care agency’s success. But the same can be said of a home care agency’s office staff—and having the right number of office staff is absolutely key to generating cash flow. That was the premise of a June 15 webinar titled “Determining the Right […]
There’s been an increasing focus on remote monitoring in the home health sector as of late, with multinational tech giant Philips (NYSE: PHG) among those betting on these types of devices. However, there’s little evidence, if any, showing they improve health outcomes, according to recent research published in the International Journal of Medical Informatics. Internet-linked products and home […]
For the second consecutive month, the market value of three of the most prominent publicly traded home health companies hit a record high and outpaced the S&P 500 Index overall. The Stoneridge Partners Home Health Index, which tracks the monthly average market performance of LHC Group (Nasdaq: LHCG), Almost Family (Nasdaq: AFAM) and Amedisys (Nasdaq: AMED), grew 0.63% in […]
Private duty home care providers are more concerned about caregiver shortages and wage pressures than ever before, according to a recent study. For the first time, wage pressures are being named as one of the top three threats of the home care industry, Home Care Pulse’s 2016 Benchmarking Study found. Caregiver shortages remained the top […]
Older Americans are pretty familiar with the concept of a shared economy—and that may bode well for their eventually choosing to age in place at home. In fact, many older adults, may very well may have taken an Uber ride and bought used goods online this week, according to a new research report from Pew […]
Faced with mounting wage costs and the threat of high turnover, one home care provider is using feedback from monthly surveys to address some of the industry’s biggest pressures. More home care companies are turning to data, and private duty in-home care provider Seniorcorp is no exception, relying on monthly reports from resource management company […]
Home health utilization across the country has plateaued, marking the end of a growth spurt that lasted seven years, according to data compiled by Healthcare Market Resources. Still, rates varied significantly by state, perhaps indicating room for growth on a more granular level. The national average for home health utilization in 2014 was 8.76%. This […]
As the health system continues to move toward managed care and value-based purchasing, home health agencies are becoming an increasingly important partner along the continuum of care. Across the industry, data has played a big role in securing preferred partnerships for home health agencies with other types of providers. Home health and home care have […]
Seniors across the country are interacting with the health care system in very different ways—and with very different regularity. Whereas those living in Manhattan have had contact with the health care system nearly 25 days in a year, Medicare beneficiaries in Lebanon, New Hampshire made far less contact, at roughly 10 days, according to a […]
The Centers for Medicare & Medicaid Services (CMS) is making strides to crack down on home health fraud through data use and more site visits, the agency announced Monday. Recently released data could help CMS pinpoint more locations where it won’t certify new home health agencies in the future based on utilization patterns. CMS has […]
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