To better position themselves for changing demographics and other industry headwinds, a sizable chunk of home health providers plan to further diversify their specialty services within the next two years. Thats mostly true for everything apart from therapy-related services, which virtually no providers plan on expanding anytime soon.
Thats at least according to a new study from Definitive Healthcare, a Framingham, Massachusetts-based provider of health care data and analytics. The organization released its 2019 Home Health Agency Study on Tuesday.
Overall, the study included insights from 159 home health agencies, with the group consisting of roughly 70% agency-level providers and 30% corporation-type businesses. Of the 159 respondents, 73% said they generally planned to either expand or launch specialized care offerings.
Areas of specialized care are expanding pretty quickly, Matt Valley, a senior health care analyst at Definitive Healthcare, told Home Health Care News. [Home health agencies] have seemingly begun tailoring their care to specific disease states or conditions. And I think its very telling that over the next two years, nearly three-quarters of responding organizations were planning to either expand to additional disease states and conditions or begin offering specialized care as a specific service line at their organization.
Among home health agency respondents, the average number of service offerings was 3.6, according to the Definitive Healthcare study. More than 85% of home health agencies said they currently offer therapy services, making it, by far, the most common offering.
However, exactly zero respondents said they planned to expand their therapy offerings within the next two years. Thats not too surprising, as the Patient-Driven Groupings Model (PDGM) shifts home health Medicare reimbursement more toward nursing services and changes how therapy is paid for.
While not a single home health provider that participated in the Definitive Healthcare study said they planned on launching or expanding new therapy offerings, nearly 28% said they had ambitions on establishing new telehealth services. Meanwhile, more than 6% said they planned on launching or expanding transportation services, with a slightly smaller share planning to launch or expand into hospice.
In addition to providing insights into care trends, the Definitive Healthcare study also shed light on home health industry challenges.
Advertisement
Because the senior citizen population is projected to rapidly increase, employment within the home health industry is also expected to rise 36% by 2028, which comes out to over 1 million jobs. Thats not likely to be a seamless transition, considering that over 60% of Definitive Healthcare survey respondents said finding and hiring qualified staff is one of the greatest challenges facing their organizations.
The next highest concern was profitability, which 42.1% of organizations chose as a greatest challenge.
Of the agencies that were concerned about finding and hiring qualified staff, 25% were planning to move into telehealth over the next two years. The most popular telehealth services currently being used and also being planned for future use were remote patient monitoring, either into the home or via consumer devices (patient-generated patient data).
Wound care, cardiac disease states and COPD are the top three conditions currently served by the home health respondents in the Definitive Healthcare study.
I think the primary driver diving into the research was knowing that the space was expected to grow in the near-term future, Valley said. And we saw that the U.S. Bureau of Labor Statistics was forecasting considerable growth in [home health agency] employment over the next 10 years We really decided to take an approach of kind of seeing if [agency] leadership and their viewpoints on their environment, if their perspectives end up lining up with what weve been reading and seeing in the news.
Continued here:
With PDGM Looming, Home Health Providers Down on Therapy Services - Home Health Care News
- Cardiac Nursing Nursing Schools - RNtoMSN - Find Top Masters in Nursing Programs ... - April 13th, 2018 [April 13th, 2018]
- Associate Degree Nursing Physiology Review - April 18th, 2018 [April 18th, 2018]
- Cardiac Nursing Nursing Schools - Find Top Masters in ... - April 26th, 2018 [April 26th, 2018]
- Cardiac Nursing | Children's Hospital of Philadelphia - April 27th, 2018 [April 27th, 2018]
- Interpret EKGs Strips Like a Boss! (ekg interpretation for ... - May 12th, 2018 [May 12th, 2018]
- Chapter 36: Cardiac Disorders Nursing School Test Banks ... - May 18th, 2018 [May 18th, 2018]
- Cardiac Nursing - 9781416029342 | US Elsevier Health Bookshop - May 28th, 2018 [May 28th, 2018]
- Cardiology and Cardiac Nursing - July 3rd, 2018 [July 3rd, 2018]
- Cardio 2018 | Cardiology Conferences | Cardiac Nursing ... - July 30th, 2018 [July 30th, 2018]
- Nursing Care Plans for Decreased Cardiac output - July 31st, 2018 [July 31st, 2018]
- Cardiovascular Nursing Education Associates - October 14th, 2018 [October 14th, 2018]
- How to Become a Cardiac Care Nurse - Salary ... - December 3rd, 2018 [December 3rd, 2018]
- Cardiac Nursing | Become a Cardiac Nurse or Advance Your ... - December 3rd, 2018 [December 3rd, 2018]
- Cardiology | How to become a Nurse Practitioner - December 7th, 2018 [December 7th, 2018]
- Cardiac Nurse: Career Education for This Nursing Profession - December 16th, 2018 [December 16th, 2018]
- Decreased Cardiac Output - Nursing Diagnosis & Care Plan ... - December 16th, 2018 [December 16th, 2018]
- Cardiac Nursing at the CICU at Children's Hospital of ... - December 16th, 2018 [December 16th, 2018]
- Cardiac Care Nurse Careers & Salary Outlook - 2018 ... - December 16th, 2018 [December 16th, 2018]
- Cardiac Vascular Nursing Certification (RN-BC) | ANCC - December 22nd, 2018 [December 22nd, 2018]
- Cardiac nursing - Wikipedia - December 23rd, 2018 [December 23rd, 2018]
- Cardiac Nurse Salary and Job Description | Cardiovascular ... - December 23rd, 2018 [December 23rd, 2018]
- Cardiovascular Nursing | CNS Careers & Education - December 23rd, 2018 [December 23rd, 2018]
- Cardiac Nursing Nursing Schools - RNtoMSN - December 23rd, 2018 [December 23rd, 2018]
- Nursing Events - Emergency Medicine and Acute Care - January 16th, 2019 [January 16th, 2019]
- Nursing Journals Impact Factor List | Nursing Open Access ... - March 6th, 2019 [March 6th, 2019]
- Cardiac-Vascular Nursing Exam Review - Overview | Online ... - March 8th, 2019 [March 8th, 2019]
- Everything You Need to Know About Cardiac Nursing ... - March 8th, 2019 [March 8th, 2019]
- Decreased Cardiac Output and Ineffective Cerebral Tissue ... - March 17th, 2019 [March 17th, 2019]
- Free Cardiac Vascular Nurse Exam Review - Test Prep - March 30th, 2019 [March 30th, 2019]
- Cardiac Nursing Careers & Salary Outlook - 2019 ... - April 17th, 2019 [April 17th, 2019]
- Cardiology Nurse: Salary, Job Duties and Requirements - April 17th, 2019 [April 17th, 2019]
- Cardiac Nurse Practitioner - Nursing License Map - April 17th, 2019 [April 17th, 2019]
- Cardiac/Vascular Nurse Exam Practice Test (2019) - Mometrix - April 17th, 2019 [April 17th, 2019]
- Cardiac Nursing - Nursing Link - April 17th, 2019 [April 17th, 2019]
- 2019 Cardiac Nursing Conference - eventbrite.com - April 17th, 2019 [April 17th, 2019]
- Role of the Cardiac Nurse | Chron.com - April 17th, 2019 [April 17th, 2019]
- Cardiac SOAP Note - nursing notebooks - April 24th, 2019 [April 24th, 2019]
- Nursing Assessment of the Cardiovascular System - May 17th, 2019 [May 17th, 2019]
- Bayshore Oktoberfest Celebration to Benefit New Emergency Care Center - Newswise - September 23rd, 2019 [September 23rd, 2019]
- Chick-fil-A Employee Performs CPR, Saves Stranger's Life: 'God Placed Me' There - Christianheadlines.com - September 23rd, 2019 [September 23rd, 2019]
- IoT Medical Devices Market 2015 Global Trend, Segmentation and Opportunities Forecast to 2023 - OnYourDesks - September 23rd, 2019 [September 23rd, 2019]
- Beats & Rhythms offers heart disease support for families - The Spokesman-Review - September 23rd, 2019 [September 23rd, 2019]
- With Assisted Living Pickups, Symphony Post-Acute Targets Wider Swath of Care Continuum - Skilled Nursing News - September 23rd, 2019 [September 23rd, 2019]
- Gastrointestinal tract 5: the anatomy and functions of the large intestine - Nursing Times - September 23rd, 2019 [September 23rd, 2019]
- Chick-fil-A employee in Calif. helps save man's life - WPTV.com - September 23rd, 2019 [September 23rd, 2019]
- Business Notebook: SEMO expands public radio reach, local church gets new name - Southeast Missourian - September 23rd, 2019 [September 23rd, 2019]
- Balancing Risks, Rewards of Targeting Higher-Acuity Residents in Skilled Nursing - Skilled Nursing News - September 23rd, 2019 [September 23rd, 2019]
- Yorkshire trust's deputy leader takes on nursing director role - Nursing Times - September 23rd, 2019 [September 23rd, 2019]
- Rural ERs see fallout from national nursing shortage - Roanoke Times - September 23rd, 2019 [September 23rd, 2019]
- Peanut butter and cardiac arrest: Diabetic inmate at Holding Center dies - Buffalo News - September 23rd, 2019 [September 23rd, 2019]
- Would you recognise a gradual-onset heart attack? - The Guardian - September 23rd, 2019 [September 23rd, 2019]
- THE BOOKWORM SEZ: Nurse explains ABCDEs of treating people - Goshen News - September 23rd, 2019 [September 23rd, 2019]
- Heartbroken family's tribute to 'brilliant dad' who died choking on food - Hull Daily Mail - September 28th, 2019 [September 28th, 2019]
- Community Rallies For Parsippany Mom Who Had Open Heart Surgery Month After Birthing 4th Baby - Daily Voice - September 28th, 2019 [September 28th, 2019]
- A look at the 40 inmates who have died at Santa Rita Jail in the last five years - KTVU San Francisco - October 2nd, 2019 [October 2nd, 2019]
- Global Cardiac Holter Monitor Market to Witness Heightened Revenue Growth During the Forecast Period 2018 2025 - Space Market Research - October 2nd, 2019 [October 2nd, 2019]
- Seahawks Support Crucial Catch Activities For Cancer Awareness And Early Detection In Collaboration With Virginia Mason, CHI Franciscan - Seahawks.com - October 2nd, 2019 [October 2nd, 2019]
- Former nurse died after accidentally taking paracetamol overdose - Isle of Wight County Press - October 2nd, 2019 [October 2nd, 2019]
- Earn More With Ancillary Services: 10 Things to Know - Medscape - October 2nd, 2019 [October 2nd, 2019]
- Medical Beds And Chairs Market to Record an Impressive Growth Rate During Forecast 2018 2026 - Space Market Research - October 3rd, 2019 [October 3rd, 2019]
- Therapy Strategies Begin to Shift Post-PDPM as Genesis Lays Off 5% of Rehab Staff - Skilled Nursing News - October 3rd, 2019 [October 3rd, 2019]
- Improving inpatient care with MHS GENESIS - Stripes Japan - October 3rd, 2019 [October 3rd, 2019]
- Alkermes Presents New Health Economics and Outcomes Research on Patients With Schizophrenia and Bipolar I Disorder at 2019 Psych Congress - PRNewswire - October 7th, 2019 [October 7th, 2019]
- 16 years fighting breast cancer takes its toll, but Gainesville couple perseveres - Gainesville Times - October 7th, 2019 [October 7th, 2019]
- Irishman in Australia: It wasnt part of the plan to end up in the emergency department - The Irish Times - October 7th, 2019 [October 7th, 2019]
- North America Smart Patient Monitoring Device Market Projected to Worth a value of USD 3729.6 Million by 2027 - Space Market Research - October 7th, 2019 [October 7th, 2019]
- Its Very Unethical: Audio Shows Hospital Kept Vegetative Patient on Life Support to Boost Survival Rates - ProPublica - October 7th, 2019 [October 7th, 2019]
- Letter: Why force qualified nurses out the door? - Greenville News - October 7th, 2019 [October 7th, 2019]
- Saeed Ghani opens 10th Chest Pain Unit of NICVD at New Karachi - UrduPoint News - October 16th, 2019 [October 16th, 2019]
- Faculty Highlights: Recent Grants and Awards | Now - Drexel Now - October 16th, 2019 [October 16th, 2019]
- Learn to save a life - Kent Online - October 16th, 2019 [October 16th, 2019]
- A Kansas Judge With No Law Degree Holds The Futures Of City Residents With Medical Debt In His Hands - Kaiser Health News - October 16th, 2019 [October 16th, 2019]
- It's Very Unethical: Audio Shows Hospital Kept Vegetative Patient on Life Support to Boost Survival Rates - Mother Jones - October 16th, 2019 [October 16th, 2019]
- Site-of-Service Medicare Reimbursement Led to More Hospital Testing - RevCycleIntelligence.com - October 16th, 2019 [October 16th, 2019]
- Englewood Health, one of last independents in region, to merge with Hackensack Meridian - NorthJersey.com - October 16th, 2019 [October 16th, 2019]
- Unions for Sacred Heart nurses and hospital workers schedule strike votes - The Spokesman-Review - October 16th, 2019 [October 16th, 2019]
- These are the 10 best nursing homes in Pennsylvania - PennLive - October 20th, 2019 [October 20th, 2019]
- Surgical nurse who helped with the 'Baby Fae' baboon heart transplant - Redlands News - October 20th, 2019 [October 20th, 2019]
- The 'Angel of Death' Who Killed the Children She Was Supposed to Save - VICE UK - November 1st, 2019 [November 1st, 2019]
- Nurse rewarded for 'beautiful' sensitivity and compassion as a student - Nursing Times - November 1st, 2019 [November 1st, 2019]