National Skills Coalition (NSC) — an advocacy organization focused on workforce policies — recently announced the launch of the Care Workforce Advisory Council. The council was formed to address the main challenges that currently plague the care workforce. The Care Workforce Advisory is made up of 20 direct care industry professionals and experts, including home-based […]
Best of Care
Payment rates for at-home care providers have been a major theme of the past week, with the arrival of a final Medicare Advantage (MA) rule from the Centers for Medicare & Medicaid Services (CMS), and Medicaid remaining in the crosshairs of federal budget action. We also tackled building margin and financial resilience in our latest […]
The home-based care industry is reeling with uncertainty these days. Change seems to be the only constant, from Medicare Advantage’s increasing role in the industry to the Trump administration’s rapidly evolving actions. These fluctuations result in widespread cost pressures for the in-home care community. While reimbursement can be a struggle for providers accepting Medicaid or […]
Differentiating an in-home care business can be challenging and requires a diverse portfolio of services. Depending on the organization’s location, the market can sometimes be saturated leading to a need for creative expansion. Home Health Care News recently interviewed Kevin Smith, CEO of Best of Care, based in Quincy, Massachusetts. Smith shared insights from his […]
Secret Shopping And Competitive Analysis: How Home-Based Care Providers Use Their Peers To Get Ahead
Leaders at top home care companies aren’t operating their businesses in a vacuum. Instead, many are utilizing competitive analyses to stay ahead of the curb. Broadly, a competitive analysis is a benchmarking tool. “A lot of health care organizations use competitive analysis for benchmarking to see where they are, or how they are performing versus […]
Now that the Medicaid Access Rule has been finalized, home-based care’s company leaders have had time to digest it, and consider what it means for the future of the space. While some acknowledge the good in the Centers for Medicare & Medicaid Services’ (CMS) reform efforts, others are facing the grim realities tied to the […]
Over the last several years, a notable trend is emerging in home care: Top-tier companies are shifting their focus from prioritizing customers to prioritizing caregivers. This strategic move reflects a growing recognition of the critical role caregivers play, and aims to address persistent caregiver shortages. “The trend has always been there, but I think now […]
Home care leaders are not just operating in their own individual bubbles. These leaders are part of a larger ecosystem of organizations that make up the home-based care space. In a sea of providers, the best leaders are the ones who are able to recognize which of their home-based care peers are standouts. The ability […]
The rising costs of home care were a trend in 2022 and 2023. They will remain one in 2024, and could finally come to a head. That’s only one trend, of many, that will impact home care providers in the new year. But it alone will also lead to other trends, such as increased M&A, […]
Though the winds in Best of Care’s neck of the woods are blowing in a favorable direction, CEO Kevin Smith is always prepared for a change in weather. “You’re always one regulatory, or legislative or sweeping change away from having something dramatically impact your business model,” Smith said during Home Health Care News’ latest episode […]
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