HCAOA recently released a new report, “State of Home Care: Industry at a Crossroads,” which provides background information on our industry as well as our top policy priorities as we move forward. The report can be downloaded from the HCAOA website. Members can also request hard copies of the report by emailing info@hcaoa.org.
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HCAOA talks with member agencies every day, and the number one struggle facing most home care agencies right now is being able to hire and retain enough caregivers to meet the demand for services. HCAOA’s new report, State of Home Care: Industry at a Crossroads, released last week, delves into exactly why this caregiver shortage has become so critical.
One of the reasons HCAOA partners with CareerPlug to support members in recruiting and hiring caregivers is because they conduct original research that analyzes hiring and retention trends. Many agencies have heard of the “Great Resignation” and experienced record levels of turnover. CareerPlug asked hourly employees what they think about their current compensation and what they expect in future pay, and summarized the results in the “2022 Hourly Workers Compensation Expectations Report.”
New Genworth Cost of Care Data Show Rising Home Care Costs + Rising Demand for Home-Based Care3/2/2022 Genworth’s latest Cost of Care report shows the highest year-over-year increase in the cost of homecare services at a time when the majority of long-term care recipients are choosing to receive care in their own homes. Even with the increase, the median annual cost of home care, $61,776, is still significantly less expensive than the median annual cost of a nursing home, $108,405.
Last week, HCAOA released “State of Home Care: Industry at a Crossroads” during a special livestream event featuring members and caregivers. This new report spotlights data and industry challenges, calls on home care industry leaders and policymakers to unite around six policy priorities that address the rapidly growing demand for care and to help Americans age in their own homes with comfort, safety and independence.
The Home Care Pulse Benchmarking Report is the industry's most comprehensive national study. HCAOA encourages all members to complete the report survey, which serves as a great exercise for your business and helps the industry collect key data and insights. Participate now and save 60% on your copy of the final report.
Last week, Moving Health Home (MHH) released a new report exploring the transformation that home-based care has undergone during the pandemic. Insights and findings from this report are based in part on in-depth interviews conducted by Avalere Health with leaders from organizations, including Landmark Health, DispatchHealth, Contessa Health, Ascension, and Advocate Aurora Health, which have either based or adapted their clinical and business models to serve patients in their homes.
Participate in the 2022 Benchmarking Report by January 31 to save over 80% on your own copy with the early bird discount! Every year, Home Care Pulse performs the largest annual study on the private duty home care industry and relies on agencies like you to contribute by taking the survey that supplies valuable data used by hundreds of agencies to learn best practices, analyze their performance, and make more informed decisions.
Ready to make a difference? Join the hundreds of home care providers across the nation improving the industry by participating in the 2022 HCP Benchmarking Report. Your confidential responses will help business owners across North America learn the latest industry trends to make data-driven decisions and improve their quality of care. Click here to complete the survey before January 31 to receive a $325 early bird discount toward your own copy.
Every year Home Care Pulse conducts the largest annual study on the private duty home care industry and publishes the results as the HCP Benchmarking Report. The Report is used by hundreds of agencies to learn best practices, analyze their performance, and make more informed decisions. The Report relies on home care agencies to contribute by taking the survey that supplies this valuable data. HCAOA encourages ALL members to participate – not only will you be helping the industry, but you will also receive discounts on your preorder of the 2022 HCP Benchmarking Report (over 80% off when you complete the survey by January 31st). You’ll also find valuable insights into your own business as you reflect on your 2021 data to prepare for the survey.
2021 has been among the hardest years for home care providers nationwide. As we wrap up the year, take a look at your business financials and benchmark your agency to other providers in your region. Ask yourself, ‘where did you land for revenue at the close of 2021 and how does it compare to last year’?
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