Home Healthcare Weekly News - January 23, 2020
Home Care Agencies often utilize multiple software solutions to manage their operations as they provide multiple lines of service – Private Duty Nursing, Private Duty Non-Medical Personal Care, and Home Health). The software helps agencies monitor their caregivers – manage schedules, verify visits, track personnel time, manage health records, payments, accounting, and reporting. However, the use of multiple software for different lines of service is not only cumbersome but also an inefficient way of managing operations.
An integrated software platform across these multiple lines of service can provide one patient and employee record to alleviate many of these issues.
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Want to know how CareVoyant helps Home Care Agencies exceed their business goals by providing one integrated software for multiple lines of service and enables them to focus on delivering high-quality care. Check out our 2020 conference schedule and be sure to meet us at an industry event.
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The Top Home Health Trends of 2020
While many industry-shaping changes didn’t officially begin last year, 2019 did set the stage for several new regulatory and business trends in 2020. Almost all of those trends are somehow linked to the Patient-Driven Groupings Model (PDGM), the massive home health reimbursement overhaul that went live on Jan. 1.
Thriving under such a vastly different business environment will dictate how providers operate over the next 12 months, with small and large agencies each experiencing a unique set of challenges and opportunities. Consolidation will be a theme of 2020, as will adaptation.
Rising Costs, PE Takeovers and Medicare Advantage: Top Trends in Home Care for 2020
A decade ago, home care was seen as a cottage industry. Today, it’s a multibillion-dollar market made up of thousands of individual businesses, several of which operate from coast to coast and have thousands of caregivers on staff.
The home care industry in 2020 will be defined by record-setting private equity activity and providers’ pursuit of Medicare Advantage business, Home Health Care News predicts. The supply and demand of caregivers will also continue to be a crisis, though creative solutions are underway.