Genworth’s CareScout Hopes Home Care Networks Will Help Consumers Cut Through ‘Noisy, Fragmented’ System

CareScout is trying to make the process of finding quality long-term care – including home care – easier for U.S. seniors and their families. There’s undoubtedly a desperate need for that. But that’s partly because of how hard the problem is to solve. A part of Genworth Financial Inc. (NYSE: GNW), CareScout is currently building […]

Providers Attempt to Absorb COVID-19 Expenses, Keep In-Home Care Costs Down

Most in-home care operators and other aging services providers have tried to absorb costs related to the COVID-19 pandemic. But that hasn’t always been feasible, causing the cost of care to rise substantially for consumers. That’s according to the latest annual Cost of Care Survey from Richmond, Virginia-based Genworth Financial Inc. (NYSE: GNW), a Fortune […]

13% of Medicare Beneficiaries Have Trouble Paying At-Home Care Bills

The cost of in-home care is rising faster than any other long-term care setting, according to recent data from insurance firm Genworth Financial. With that in mind, it shouldn’t be all too surprising that a sizeable portion of Medicare beneficiaries have a serious problem paying home care bills. In a national survey of more than […]

In-Home Care Costs Rising Faster Than Any Other Long-Term Care Setting

Home-based care is often lauded as an affordable — and preferable — alternative to skilled nursing care. But that characterization could be changing, as in-home care costs are skyrocketing to become more expensive than ever. That’s according to the latest annual Genworth Cost of Care Survey released Wednesday. The survey tracks the cost of various […]

Senior Housing Will Be Too Pricey for 54% of Mid-Income Older Adults by 2029

By 2029, nearly 8 million middle-income older Americans won’t be able to afford senior housing at today’s average market rates, new research shows. While the statistics have negative implications for the senior housing industry, they create opportunities for home-based care providers, whose services are often the least expensive option for seniors. The findings come from […]

Senior Helpers’ Town Square Model Gaining Steam as Investors Eye Adult Day Care

Home-based care is often lauded for allowing seniors to age in place while saving the health care system thousands of dollars by decreasing hospital admissions. But with costs that don’t always come cheap to clients and nationwide caregiver shortages, home-based care isn’t without challenges. An increasingly popular way to address them is with adult day […]

Cost of In-Home Care Rose From Caregiver Shortage

Home-based services are increasingly getting more expensive thanks in part to ongoing labor woes, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median cost of home health aide services shot up 6.17% to $21.50 per hour, or $4,099 per month, from 2016 to 2017—the most pronounced increase among other care […]