Over the last few years, home care providers have begun to embrace a greater mix of payers, including Medicaid waiver programs, veterans assistance (VA), managed care and Medicare Advantage (MA). At the same time, some providers have seen the value in further leaning into predominantly private-pay revenue structures. In contrast to their home health counterparts […]
The home care franchise model calls to mind the old idiom of “a chain is only as strong as its weakest link.” That’s because the business model relies on having a network of strong franchisees for its overall success. For the franchisees, or owners, that make up these networks, this means navigating challenges in service […]
The past few years have seen private equity players plant a flag in the home care space, particularly in the franchising world. In 2021, this trend has only increased with the heightened demand for home care services. Roughly $66 billion in PE investment went out to various health care sectors in 2020, a 21% increase […]
When it comes to running a successful hospital-at-home model, many have stressed the importance of having a home care component to complement clinical service offerings and provide assistance with patients’ everyday activities. For some home care providers, this fact — and the launch of several new hospital-at-home programs since the start of the pandemic — […]
It has been over a year since industry insiders predicted that home care franchise systems could experience accelerated growth brought on by the COVID-19 pandemic. Following rising unemployment and widespread business closures, many believed prospective entrepreneurs would turn to more mission-oriented careers, with home care and aging-in-place models presenting lots of upside. While it’s difficult […]
The old adage “there is strength in numbers” has stood the test of time because it’s largely true. To remain competitive and gain an edge over competitors, home care operators must form strategic partnerships with a wide variety of organizations. Common examples include collaborations with transportation companies like Uber (NYSE: UBER) and Lyft (Nasdaq: LYFT), […]
Home care operators have had to work around plenty of new challenges since last spring, from sourcing personal protective equipment to securing Paycheck Protection Program loans. Yet an old operational hurdle remains the toughest to overcome: staffing. Even amid the pandemic, most home care businesses have managed to grow. That growth has continued in 2021 […]
As home health leaders look to the future, the lessons learned from the COVID-19 emergency will likely continue to shape their efforts for years to come. In terms of business planning, it will likely be a long while before there’s a return to a world where the coronavirus isn’t the central driver of health care […]
Home health agencies have always had to prioritize infection control as part of Medicare’s Conditions of Participation (CoPs). But that hasn’t always been the case for non-medical home care providers. That quickly changed after the coronavirus began spreading across the country in March and April. Now, infection control is likely something non-medical home care providers […]
Navigating the COVID-19 public emergency health emergency is causing private-duty home care providers to become more creative when it comes to problem solving. Largely left to fend for themselves, home care providers have had to hustle for personal protective equipment, take crash courses on new technology tools and experiment with different ways to reward their […]
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