National home health spending soared to new heights in 2018, a fact that strongly reflects the ongoing shift toward home- and community-based care and away from hospitals, skilled nursing facilities (SNFs) and other institutional settings. Overall, U.S. home health spending officially hit $102.2 billion in 2018, according to a new analysis from the Centers for […]
Health Affairs
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 […]
With 2020 just a few months away, Medicare Advantage (MA) plans are popping up left and right. Home care benefits continue to be a driving force behind the growth. In the past week alone, the 2020 market gained at least two new MA plans. Anthem Blue Cross and Blue Shield of Maine and MaineHealth announced […]
Seniors who need nonmedical home care the most — the oldest, sickest and often most vulnerable — are the least likely to be able to afford it. Unfortunately, labor shortages are expected make home care services even less affordable in the years to come. That’s according to a new study published in the June issue […]
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 […]
As the demand for home-based care services continues to soar, so does the industry’s shortage of workers, with as many as 7.8 million caregiving positions projected to sit unfilled by 2026. The multimillion-dollar question for agencies remains how to survive the staffing crisis, which industry leaders have identified as the No. 1 challenge within home-based […]
Roughly $108.8 billion is projected to be spent on home health care in the United States in 2019, according to a newly released analysis from the Centers for Medicare & Medicaid Services (CMS) Office of the Actuary. U.S. expenditures on home health care are projected to hit $186.8 billion by 2027. An aging population, a […]
Telemonitoring has long been touted as a way to reduce hospitalizations. But when paired with home health care for heart failure patients, that may not always be the case. Still, there are reasons — from both a cost and outcomes perspective — for home health providers to consider implementing telemonitoring for this patient group. That’s […]
While overall U.S. health care spending growth continued to slow in 2017, home health spending growth held steady with its 2016 rate, according to the Centers for Medicare & Medicaid Services (CMS). Health care spending across all sectors grew at a rate of 3.9% in 2017, compared to rates of 4.8% in 2016 and 5.8% […]
Interest in palliative care programs has boomed over the last 15 years, but the adoption of this type of care has taken place largely in hospitals, according to a recent report in Health Affairs. But with palliative care now much more common, further growth could accelerate in home- and community-based settings. Palliative care—which focuses on providing […]
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