Home Care Industry News

Posts by Valerie VanBooven, RN BSN, Editor in Chief of HomeCareDaily.com

The Strength of a Home Care Company May Not Rest in the Numbers

It’s easy to get caught up in the idea that a company that provides direct in home health care services, like Kindred, would be incredibly strong, especially given the simple fact of the increased demand for in home care and that this industry is currently the number one job creator (and is expected to remain that way for at least another decade). However, when looking at the bottom line numbers comparing two major companies operating within this type of sector, one has a strong rating with some decent income and the other is losing ground.

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Doctors Spend Little Time Reviewing Home Health Care Plans

The Centers for Medicare and Medicaid Services has implemented new rules for home care agencies and other providers, requiring more administrative work, paperwork, and direct medical recommendations for most services. While this might appear to be beneficial for clients who require home care, especially given more potential direct involvement by their doctor, that doesn’t appear to be the case.

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Healthcare Companies Would Do Well to Invest in Home Care Service Opportunities

In February, the Stock Market slid a bit from its all-time high in January, and while numerous industries felt the slight pinch, one that did not was the home care sector. In fact, while the S&P 500 slid nearly 4 percent for the month, home care companies returned a +5% return for the month. This indicates that while the rest of the broad indicators affecting other industries, demand for home care services remains strong, as well as long-term economic prospects.

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Home Care May Be Turning to Employee Owned Agencies to Improve Services

The primary focus of small to mid-sized businesses around the world is for the owner (or partners in ownership) to be in charge and the employees essentially doing the tasks they’ve been assigned, in exchange for compensation, usually in the form of wages and salaries. The same has been true for home care agencies and other entities, but a model is emerging that has been utilized in other industries, and that is for employees to also be owners.

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The Value of Investing in Home Care for an Aging Population

The population in the United States (as well as many other nations around the world) is considered to be ‘aging.’ This means the percentage of elderly men and women, compared to other age groups, is increasing. This is due, in large part, to the baby boomer generation (those people born between approximately 1946 and the mid-to-late part of the 1960s).

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Spending for Alzheimer’s and Other Forms of Dementia Expected to Exceed $277 Billion in 2018

Alzheimer’s and other types of dementia continue to place tremendous pressure on family and long-term care providers, including home care support services. There is still no cure for these diseases and while there has been some positive reports with regard to research and treatment options, the long, slow, and steady progression through the disease places increased pressure on those supporting thes

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Dallas Home Health Care Worker Suspected in Death of One (and Possibly More) Elderly Victims

45-year-old Billy Chemirmir is facing capital murder charges in Texas following an investigation that led police to find an 81-year old victim at home. When investigators began tailing Mr. Chemirmir, they spotted him discarding what turned out to be a jewelry box belonging to the victim who was later found in her Dallas home.

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Referrals from Hospitals and Clinics Can Lead to Increased Demand for In-Home Care Workers

As home care agencies across the country face an increase in demand for their services, some struggle to find qualified clients in need of their services. By ‘qualified,’ this essentially refers to those who would have a specific and documentable, or medical reason for requiring a visiting nurse or other home health care professional stopping by their home.

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