The Home Health Care Wire
Your source for CareVoyant and industry news. January 25, 2024
Home Health vs Home Care: Why the Difference Matters
Home Health Care and Home Care are often used interchangeably throughout the Home Health Care industry. The differences between Home Health Care and Home Care, however, are worth noting.
This blog will define the terms Home Health Care and Home Care, and then highlight the differences and similarities between the two services. Finally, this blog will explain why the difference matters, especially for Home Health Care Agencies who are looking for a more efficient way to manage one or more lines of service.
Home Health Care Agencies should adopt diversification strategies to mitigate the impact of reimbursement cuts. Expanding into new services, such as Certified Home Health, Non-Medical Personal Care, Private Duty Nursing, Therapy at Home, Pediatric Care, Mental Health, etc., will help home care agencies hedge against revenue and reimbursement risks in home care services. Diversification of services will also help agencies maintain continuity of patient care and improve patient satisfaction.
In addition to expansion of services, home care agencies can also explore diversification of payers to mitigate the regulatory and reimbursement risks.
Medicaid beneficiaries are increasingly receiving LTSS through HCBS. In fiscal year (F.Y.) 2016, Medicaid programs spent approximately $94 billion on HCBS. The federal government and the states spent $116 billion on Medicaid home and community-based services (HCBS) in F.Y. 2020, serving millions of elderly adults and people with disabilities. That is a significant increase in HCBS spending.
Home Health Care Agencies looking for growth and expansion should consider HCBS services as one of the options.
This blog will discuss 7 must-have software features required to manage HCBS Home Care Agencies efficiently.
Home Healthcare Industry News
Another ‘Doomy, Gloomy’ Home Health Landscape Awaits Providers In 2024
Home health providers could be facing a “doomy, gloomy” landscape in 2024, fresh off of two years that could be characterized as, well, doomy and gloomy.
Home Health Benefit Will Become A ‘Skeleton’ If Medicare Payment Adjustments Continue, Industry Leader Cautions
As the breadth and depth of home health care continues to grow, providers are exposed to an abundance of opportunities. To get a crack at that upside, however, providers will need to overcome and adapt to a litany of challenges.
Those that don’t could contribute to the consolidation that the home health industry is already seeing.
In-Home Care Providers Await Updates On CMS Medicaid Proposal, Begin Preparing For 80/20 Rule
The proposed rule would, among other provisions, establish national maximum standards for certain appointment wait times for Medicaid enrollees, require states to conduct independent secret shopper surveys and mandate that states report every other year on the HCBS Quality Measure Set for their HCBS program.
ABOUT CAREVOYANT
CareVoyant is a leading provider of cloud-based integrated enterprise-scale home health care software that can support all home-based services under ONE Software, ONE Patient, and ONE Employee, making it a Single System of Record. We support all home based services, including Home Care, Private Duty Nursing, Private Duty Non-Medical, Home and Community Based Services (HCBS), Home Health, Pediatric Home Care, and Outpatient Therapy at Home.
CareVoyant functions – Intake, Authorization Management, Scheduling, Clinical with Mobile options, eMAR/eTAR, Electronic Visit Verification (EVV), Billing/AR, Secure Messaging, Notification, Reporting, and Dashboards – streamline workflow, meet regulatory requirements, improve quality of care, optimize reimbursement, improve operational efficiency and agency bottom line.
For more information, please visit CareVoyant.com or call us at 1-888-463-6797.