Home care has, as of long, been considered a luxury among many people across the globe. However, the latest trends in the home care industry are bringing a change in the thinking of older adults and their families. Based on the preferred home care reviews, this industry also referred to as private-duty home care, has seen an overall high growth rate. Home care is increasing by leaps and bounds, and it promises further growth in 2019.
Factors Influencing Home Care Industry
Although the numbers are quite high when it comes to revenue and personnel, yet this industry has a problem of labor crunch. Home care agencies are challenged when it comes to the hiring and retention of qualified caregivers. Home caregivers tend to transition to other roles in the same or similar industry. Higher salaries and better stability are the main influencing factors for this transition.
There has been a continuous shift in government regulations, and that has most influenced how preferred home care in New York works. The recent change attributes to the introduction of the Affordable Care Act, which is focused on a structure of value-based medical care. This is an integral part of the home care industry. In 2019, the final rule of Medicare home health is also expected to affect the home care industry. There would be an introduction of a new and revised structure of payment as well as additional perks for care delivery in low population areas.
Additionally, another factor that cannot be ignored is technology. Technology is making its mark in the home care industry. It is also expected that in 2019, advanced technologies would be introduced. These technologies are expected to create opportunities that will bridge the gap between home caregivers and hospitals, nursing units, as well as senior living centers.
Trends In The Home Care Industry In 2019
This article would be discussing some emerging trends influencing the home care industry in 2019. These trends can be enumerated as follows:
Better Home Care Delivery
It can easily be said that better home care for senior people requires a comprehensive knowledge of their needs. It is also imperative that there is the availability of specialized service for the older population with high demands. In 2019, one can see that several home care organizations are cropping up that are expanding the range of services being provided. For example, most of the preferred home care in Brooklyn, NY offers complete facilities starting from in-home care and to more assisted and independent living. The home care allows the family to stay with one home care facility even when the needs of their loved ones’ change. 2019 is also looking at the growth of organizations that are developing programs to take care of specialized medical patients, like dementia.
Integrating Clinical Care And Personal Care
Another emerging trend is the realization by home care organizations that personal care is directly linked to clinical care to make patient outcomes better. Taking an example, if a caregiver is providing home care for a senior having at least one chronic disease, a caregiver who helps mitigate social isolation, assists in preparing nutritious meals, and concentrates on cleanliness and hygiene by keeping a home tidy is a crucial factor to keep the patient out of hospital as well as for nursing intervention.
Medicare & Medicaid Services (CMS) in the USA has put its money on this idea and is implementing this idea by embedding these skills in their home caregivers, especially in the Medicare Advantage plans. It is being recognized that care delivery needs to be empowered, and home care agencies are developing strategies that are combining skilled and non-skilled care. This trend is expected to continue, and funding models all around the globe are expected to shift with it.
Innovative And Better Funding Models
Today, for chronical seniors, medical literature has brought the concept of remote patient monitoring (RPM). Many home care agencies are turning their attention to this technology and working on how RPM can make their home care delivery to stand out from other agencies. In 2019, one can look that the care delivery and funding models are integrating the idea of RPM in their facilities. This is an excellent method to incorporate health coaching with hands-on care.
The other type of funding model that is creating a fast deployment of RPM and integrating it in the home care industry is the Outcome-Based Reimbursement (OBR). OBR generally combines home care and acute care, with a motive to reimburse the result achieved rather than the service provided. This is a particularly useful working model for episodic interventions, for example, a knee or hip replacement.
Pattern Of Referrals Has started To Shift
This is a question that has been on the mind of many home care agencies for a long time: How are more referrals gained? Is it through home caregivers or word of mouth of users? In 2019, we see that the word of mouth referrals is by far the most preferred and high revenue generating a form for home caregivers. However, there has been a shift in this, and many people are going out of the way to have a look at the facilities offered by the home care agencies as well as the preferred home care reviews of that agency. This trend is expected to increase in the coming months.
Predictive Analytics Becomes A Must-Have
In-home care, a focus on high-risk patients is critical. Equally crucial is to reduce hospitalization and readmission of the senior. Reduced length of stay is another thing that cannot be ignored. In 2019, many big players are investing in predictive analytics or taking help of analytics firms to be better prepared for medical emergencies and assist the seniors better.
These are the upcoming trends in the home care industry in 2019. Additionally, there is a rise of preferred home care lawsuit programs, to make the seniors better aware of their rights and keep them protected. A home care agency that does not follow these trends is sure to stay behind in the race.