Knowledge is power. And if you’re the owner or an executive in a home care agency, it’s important to stay informed. The end of the year is approaching, and to help you stay updated, the team at CareConnect has put together a quick roundup of resources that may help you learn more about what to expect in the home care agency landscape – both in 2023, and in the years to come. Let’s get into it!
1. Overcoming the Home Care Agency Caregiver Shortage
As you’ve surely experienced in your own business, the caregiver shortage is only getting worse, with an estimated shortfall of 150,000 caregivers by 2030, and more than 355,000 by 2040.
That’s where this resource from CareConnect comes in. In our guide, Overcoming The Home Care Agency Caregiver Shortage, we discuss the shortage, steps you can take to attract (and retain) caregivers, and how to keep your business thriving despite the challenges caused by the national caregiver shortage.
2. Home Health Comments 2023
These comments from the Center for Medicare Advocacy are addressed directly to the Center for Medicare & Medicaid Services. Primarily, these comments focus on the barriers that face individuals who are on Medicare and Medicaid, and are attempting to use their benefits to get home care services – but are denied care, or do not get adequate care.
This is sure to be a major subject for home care agencies in 2023 and beyond, especially with the possible introduction of Choose Home legislation, and other packages of laws that would make it easier for Medicaid and Medicare recipients to get home care. Speaking of which…
3. Reaction to the Prospect of the “Choose Home” Legislation
This blog from CareConnect is a valuable resource, and concerns the Choose Home Legislation. Introduced in 2021, this legislation package would expand home care benefits significantly after hospital discharges. It’s currently not being pursued in Congress, but even if it doesn’t pass, this bill could set the stage for an even more comprehensive package of legislation that could affect home care agencies in 2023 and beyond.
4. Home Health Agencies Protest 2023 Proposed Payment Rate Cuts
This overview from Healthcare Finance News discusses the 4.2% payment rate cut that the Centers for Medicare and Medicaid Services have proposed in their 2023 Home Health Prospective Payment System Rate Update. For obvious reasons, payment rate cuts could have serious consequences – for patients who need care, for caregivers who need a livable wage, and for the continued success and growth of home care agencies.5.
5. Home Health CEOs Tease Plans, Priorities for 2023
Are you wondering what the competition is up to? In this resource from Home Health Care News, five CEOs at leading home care agencies throughout the nation share their priorities and what they expect from the future of the industry. If you’re a manager, owner, or executive at a home care agency, you’re sure to get some valuable insights into the future of the industry!
Keep an Eye on the CareConnect Blog for More Home Care Resources
At CareConnect, we’re always doing our best to stay updated and post relevant information for home care agencies. For more resources, stay tuned to our blog. And if you’re interested in the benefits of our caregiver platform, contact us to set up a chat.