Private pay home care can be a critical component of service for any certified home health agency. There are several benefits to providing direct fee for service home care.
- Private pay is the fastest growing sector of health care
- With baby boomers entering retirement age, they and their parents create a stable market for the foreseeable future
- Private pay can offer your referral sources and clients a broader continuum of care, from companion services through end of life care.
- Private pay home care, operated correctly, can be a major profit center.
- Private pay can extend your company reach to new customer bases and referral sources.
- Private pay home care operates independently of Medicare, and as the future of government funded health care is unclear, creates greater stability.
Leading Home Care is proud to present our 2010 Benchmarking and State of the Industry Report. This latest body of research specifically examines private pay home care within the context of certified home health agencies.
Leading Home Care… a TweedJeffries company, has been a leader in industry research and best practice insights for home health care agencies and private duty home care companies alike, for more than tw
With this benchmarking data and best practices recommendations you can start, or revitalize, your private pay home care segment. If you already have a thriving private pay service, you can compare yourself to industry benchmarks.
Below is the complete table of contents.
The 2010 Benchmarking and State of the Industry Report is available for immediate download as a PDF file. The report is 73 pages and formatted for easy printing.
Purchase the 2010 Benchmarking and State of the Industry Report: Private Pay in Home Health Care report for $249.00TABLE OF CONTENTS
2010 Benchmarking and State of the Industry Report: Private Pay in Home Health Care
Forward by Andy Carter, President and CEO, Visiting Nurse Associations of America
Forward by Tom Cesar, President, The Accreditation Commission for Health Care
Introduction by Stephen Tweed, CEO, Leading Home Care …a TweedJeffries company
Chapter I: Home Care in America – An Industry Overview
- A brief look at the five sectors of service provided by home health care companies
- A brief history of home care
- Three levels of private duty care
- Four types of private duty companies
- Licensed home care agencies by state and total Medicare certified agencies since 1967
- Study methodology
- Study demographics
- Summary of revenue data from 2005-2009
- Growth data of overall companies and companies with 5+ years of history
- Mean and median of additional benchmarks including:
- Agency revenue
- Private pay revenue
- Clients served
- Hours of service
- Revenue per client
- Revenue per service hour
- Caregivers employed
- Revenue per caregiver
- Cost of care provided
- Gross margin
- Office wages
- Marketing expenditure
- Recruiting expenditure
- Other overhead and corporate allocation
- Net profits
- Net allocation plus profits
- Data comparison between franchise companies, independent companies and companies owned by a certified home health agency
- Benchmark company defined
- 27 elements of a successful private duty business
- 4 barriers to success
- Top techniques for sales and marketing
- Top techniques for recruiting caregivers
- Benefits of association membership
- National associations and their contact info
- State associations
- Survey respondents select most useful association benefits
- Overview of accreditation
- What’s involved in achieving accreditation
- Benefits of accreditation
- Survey respondents see value in accreditation
- Four accrediting bodies, with contact information
- Accreditation guidelines in depth
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Special thanks...
Research of this size and scope is expensive. We would like to thank publicly an organization who is underwriting a portion of this expense. The Accreditation Commission on Health Care recognized the value of this data. Because of their financial support we were able to offer the substantial discounts to participants.
On behalf of our firm and the private duty industry we express gratitude for their support. If you'd like to learn more about ACHC, please visit their website, www.achc.org.
