Diversify Home Health, Home Care And Hospice Services To Secure Your Agencys Financial Future
Putting all of your kado ulang tahun untuk pacar, kado untuk pacar in one basket in the house Health, Home Treatment or Hospice sector means having only one line of business. Already we have seen cuts to the Home Health reimbursement formulation, and Hospice is under scrutiny and will probably find some rather dramatic cuts in the future. As a Home Health or agency, you might be asking how you can diversify. Fortunately, the organization that owned the agency I managed understood the distinctions required to successfully operate both of these very distinct businesses. Because of this, the internal structures and systems for Personal Pay were run with completely different staff and procedures. Thankfully, the Private Pay company was a financial achievement and an excellent partner for the Medicare business.
In todays environment, it may be wise for Medicare organizations to look again at the Private Pay industry and invest in another line of business that won't be subject to the changes of CMS. This holds true for both Medicare Home Health insurance and the Hospice agencies. The opportunities in a Private Pay agency are countless. The services offered are simply because open and vast as the city served will support. By using the lessons learned from the previous attempts to diversify into Private Pay, the new occupation makes the difference between surviving and thriving.
For Private Pay (Home Treatment) agencies, diversification is simply as important. By having just a few lines of business, you will more than likely involve some down times with loss of revenues. Diversification of services helps to diminish the consequences of the decline on your own personal care or live-in services. There are so many opportunities in the Private Pay out arena, it truly is a matter of finding out what your market will support and developing it in that manner that your customers will dsicover value and buy.
Over the years I have seen some very creative and innovative Private Pay company owners create truly unique providers which were well received by their communities. One agency had an extremely viable service collection in cruise companions. That they had a high end senior population that were used to cruises, but due to declines in health insurance and abilities, many of the seniors could no longer travel. The agency developed a contract with a major cruise line where they provided the personal care workers or aides that accompanied the senior on the cruise. Your client paid for all the related cruise expenses along with the daily live-in price for the aide. Reportedly an enjoyable experience was had by all.
This program retained the providers of an OB-GYN RN, who produced the first visit to the home the day after the mother was discharged from the hospital. The aide, who was a tuned doula, also accompanied the RN on the first visit. The services were bundled into either 5- or 7-day time, 12 hour/day deals that included the RN visit and the 5 or 7 days of the specialty aide. The aide not only cared for the mom and baby, but tended to the home and other children, allowing the brand new mother and baby to have got bonding time. The aide planned and prepared the meals and did the laundry and light housekeeping so the mother could rest.