Home care agencies are often tasked with helping seniors keep up with their activities of daily living (ADLs). But in recent years, a number of specialized training topics have become the key focus of providers looking to strengthen the type of care they’re delivering. One of these topics is Alzheimer’s disease and dementia training for …
One of the home care industry’s top research and education firms is looking to take its game to the next level. Private investment firm Cressey & Company announced Wednesday that it’s making “a significant investment” into the Rexburg, Idaho-based Home Care Pulse. Exact terms of the investment were not disclosed. Founded in 2008, Home Care …
Cressey & Company Makes ‘Significant Investment’ in Home Care Pulse Read More »
Home care hasn’t always had a reputation for great employee perks or benefits packages, but a handful of providers are beginning to change that. In other sectors, including the technology and startup worlds, perks like free daily meals, access to wellness programs and 401(k) matching, with stock options, are relatively common. Some home care operators …
Alliance, Royal Care Slash Caregiver Turnover by Investing in Creative Benefits Read More »
The home care industry is rapidly changing. Perhaps nowhere is that change more evident than in the payer mix of home care operators. Historically, “home care” has often been thought of as a private-pay offering, something separate from other senior care services that are covered by Medicare, Medicaid or private insurance. But agencies have clearly …
Home Care Leaning Less on Private Pay, More on Government-Funded Programs Read More »
On Thursday, members of the Senate Committee on Health, Education, Labor & Pensions held a subcommittee hearing to address the dire shortage of health care workers in the U.S. The hearing, led by Sen. Bernie Sanders (D-Vt.) and Sen. Susan Collins (R-Maine), addressed labor shortages in primary care, behavioral health and more. Lawmakers, however, stopped …
Turnover rates in the home care industry have taken an up-and-down rollercoaster ride over the past few years, jumping from 66.7% in 2019 to 81.6% in 2018, then falling back down to 64.3% in 2019. Yet in 2020, turnover across U.S. home care agencies remained mostly flat, climbing ever so slightly to an overall rate …
‘A Huge Victory’: Home Care Turnover Remains Stable at 65.2% Read More »
The ongoing COVID-19 pandemic dominated headlines in 2020 — and rightfully so. But there were plenty of other storylines that defined the year, including the launch of the Patient-Driven Groupings Model (PDGM), the conclusion of a hotly contested presidential election and the execution of multiple industry-shaping transactions. These are nine of the most overlooked stories …
Beyond the Pandemic: 9 Overlooked Stories from 2020 Read More »
Despite the operational and financial challenges caused by the COVID-19 virus, hardly any private-duty home care agencies plan on going out of business. Instead, most agency leaders believe they’ll actually grow their business over the next five years, both in terms of census and new locations. That’s according to recent statistics that Home Care Pulse …
‘Without a System, You Can’t Win’: Data-Tracking Tips for Home Care Agencies Read More »
CareBuilders at Home — the non-medical home care division of ATC Healthcare — has announced a strategic growth plan across the U.S. The Lake Success, New York-based franchise currently has 13 locations. It is targeting to add more in Michigan, Illinois, Texas, Pennsylvania, New Jersey and California, specifically in the Bay Area. The vast majority …
After weeks — in some cases, months — of closures due to the coronavirus, businesses across the U.S. began reopening in early June. But by July, many of those same businesses were forced to go in the opposite direction, thanks to a national resurgence of COVID-19 cases. As shops, manufacturing plants and warehouses again attempt …
Home Care Companies Create New Revenue Streams by Helping Businesses Safely Reopen Read More »
Hospital readmission rates are one of the most important markers of success in the post-acute and long-term care spaces. But a large number of home care agencies still don’t keep track of those metrics. Overall, 75% of home care agencies did not track readmission rates at all in 2019, according to recently released data from …
Only 25% of Home Care Agencies Track Hospital Readmission Rates Read More »
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