TrendLens March 29, 2018: Top 3 Concerns of Homecare and Hospice Executives
Welcome to TrendLens…trends bending the curve in home health and post-acute care. In this issue of TrendLens, is access to exclusive insights and strategies to 3 key challenges homecare and hospice executives are facing. You may be surprised how top concerns have changed even from a year ago.
Lisa Remington, President, Remington Health Strategy Group
In This Issue
Top 3 Concerns of Homecare and Hospice Executives
Labor: The #1 Challenge For Homecare Executives
Approximately 3.5 million Medicare beneficiaries received homecare in 2015, and the program spent about $18.1 billion on home health care services. Over 12,300 agencies participated in Medicare that same year.1
Homecare Executives Share Their Top Opportunities and Challenges
In March 2017, Change Healthcare asked homecare executives to complete an Organization Opportunities and Challenges Executive Survey. The results of the survey found 61% of homecare executives named retention and recruitment as their top issue, followed by declining reimbursement (51%), and cost containment (44%). Additional survey results of note include the topics of: Medicare Advantage, palliative care, staff education, information technology, and EHRs.
Change Healthcare is inspiring a better healthcare system. Working alongside our customers and partners, we leverage our software and analytics, network solutions and technology-enabled services to help them improve efficiency, reduce costs, increase cash flow, and more effectively manage complex workflows. Together, we are accelerating the journey toward improved lives and healthier communities.