Did you know that only 14% of seniors can afford to privately pay for home care? Client retention and length of stay will be critical issues for home care providers this year. With rising costs, families may seek alternative options, impacting business stability. This emphasizes the need for innovative client retention strategies and financial planning. If you're a home care provider looking to get started with the VA or Medicaid, get in touch with us: https://bit.ly/4bH0F2s (Source: HHCN)
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For seniors receiving non-medical home care services, Sensi’s analysis indicates that almost 30% of seniors are currently at risk of falling. If a senior previously experienced a fall, Sensi’s data shows that the probability of a recurrent fall during the subsequent two weeks is 42%. What’s the impact on the agency? If a client receives care 6 hours per day, 7 days a week, that is an estimated revenue loss of $900 - $1,080. And, for the client or their family? Medicare Part A Deductible is typically $1,600. This is where Sensi’s 24/7 predictive analytics layer becomes invaluable for our customers. With our ability to analyze hundreds of thousands of data points, we can use our advanced algorithms to not only detect but also predict the likelihood of a fall for any given individual. Learn more about our advanced technology today by booking a meeting with us at the link below! https://lnkd.in/gYgsYk5Y
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Over the past five years, the cost of home care has increased exponentially, fueled by demand and driven by wage growth and the cost of regulatory compliance. As the cost of ongoing support with activities of daily living grows beyond the reach of more American, states are burdened with more Medicaid beneficiaries who have no where else to turn. Federal and state policy makers need to take steps to address the rising cost of home care.
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If you're thinking about replacing your current home care package provider, you're not alone. Many individuals and families consider switching providers to find better home health care for seniors that suits their evolving needs. Selecting the right home care service provider is essential to maintaining a high quality of life, especially if you depend on home care packages for daily support. In this blog, we'll guide you through why you might want to change providers, the benefits of finding the right provider, and how to ensure a smooth transition. https://lnkd.in/gXcvwixS
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Selecting a top home care provider for a client or a loved one is a very important decision. But you may find yourself asking what should you be looking for? How do you go about finding the best home care provider? Or you may not even know the difference in the types of home care services available or you assume that Medicare will automatically pay for the care at home. So many people start out thinking they can make these choices for their family on their own and then find themselves so overwhelmed. Consider aligning yourself with a Certified Care Manager who is in the know about all these matters and can guide you toward making the right home care decisions. It takes a village to grow old with grace and dignity. #homecare #privatedutyhomecare #aginginplace #aging
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Residential aged care has seen notable financial improvement in the latest Quarterly Financial Snapshot, but there’s a clear gap between providers achieving their care minutes and those turning a strong profit. More: https://lnkd.in/gRv6B3Ew #compliance #agedcare #careminutes #agedcareaustralia #agedcarenews
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Extremely interesting proposal, especially with all of the other initiatives going on. Thinking about GUIDE (the new CMS model for dementia), a proposal like this might have the potential to boost the model. If Medicare coverage of long-term care costs could allow generated long-term cost savings to factor into the model, then at-risk providers could have a key new area to demonstrate (and share in) savings from effective management of members with dementia. Early days for sure but definitely something to keep an eye on.
Major move from Kamala Harris on The View today – pushing to expand Medicare to cover home care and other long-term care costs. This policy could drastically reduce the financial burden for millions of aging Americans and their families, empowering them to live more safely and independently at home. The intersection of healthcare and home is finally getting the attention it deserves, and we can't wait to see this momentum grow!
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More fees? Gasp. Shock. Etc. Seriously though, this bullshit needs to stop. Why in the hell are we making it harder and harder for people to be able to receive the care they need and deserve at an affordable cost? Why do people need to make the decision of; ‘hospital visit or food for their family,’ or ‘pay that overpriced bill for a routine procedure or pay for rent/mortgage?’ This isn’t a healthcare system, it is a health-cash system! And we are paying for it with our lives. WHAT ARE YOU GOING TO DO?
Hospitals Are Adding Billions in ‘Facility’ Fees for Routine Care
wsj.com
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If you're exploring the marketplace for home care services, knowing how much you'll have to pay in fees is an important step in determining which services and Home Care Package providers are best for you. The fee estimator tool on My Aged Care is a great way to figure out how much you might have to contribute toward a Home Care Package. Learn more: https://lnkd.in/gMa79XMJ #agedcare #agedcareaustralia #homecare #homecareaustralia #healthcareaustralia
Fee estimator: How much will I pay?
myagedcare.gov.au
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Our mission? To support agents in positively impacting lives nationwide, whether it's Medicare, final expense, or anything in between. Let's keep pushing to the next level together. 💪 #NextLevel #ServiceFirst #FamilyBusiness
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🏠 Did you know? Florida Medicaid allows you to own rental property and still qualify for long-term care benefits! Whether you need in-home care, assisted living, memory care, or skilled nursing, the value of your rental property won't count toward the $2,000 asset limit. This strategy works great for those already owning rental properties and those looking to protect their assets. At Mortellaro Law, we help you navigate these exemptions to secure your financial future and care needs. Learn more about how we can assist you. Visit our office or call us today for a complimentary consultation! --- ♻️ Share if you find this helpful. 📢 Tag someone who needs this. 🔔 Follow #MortellaroLaw for more. #MedicaidPlanning #AssetProtection #ElderLaw #FloridaMedicaid #RentalProperty #FloridaEstatePlanningAttorney #FloridaElderLawAttorney #FloridaAssetProtectionAttorney
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