New Report Highlights Important Residence Care Challenges, Gaps, and Alternatives Amid Rising Demand for Providers

New Report Highlights Important Residence Care Challenges, Gaps, and Alternatives Amid Rising Demand for Providers

Outcomes present a rising recognition of the worth of delivering care throughout the dwelling, in addition to a rising demand amongst sufferers and relations to cut back fragmentation of home-based providers.

MIRAMAR, Fla., Dec. 6, 2022 /PRNewswire/ — Built-in Residence Care Providers, Inc. (IHCS), the nation’s main unbiased dwelling care advantages administrator of dwelling well being, sturdy medical tools (DME), and residential infusion providers, has launched a brand new report highlighting the outcomes of an in-depth survey of well being plan executives.

The report entitled “Are Well being Plans Ready for Residence Care’s Speedy Ascent? particulars findings from a survey of 47 well being plan leaders aware of their plan’s dwelling care choices. The unbiased survey was carried out in September 2022 by nationwide healthcare consultancy Sage Development Companions.

Outcomes present a rising recognition of the worth of delivering healthcare throughout the dwelling, in addition to a rising demand for home-based providers amongst sufferers and their relations. Ninety-one % of survey respondents mentioned demand for dwelling care providers has risen over the previous 5 years—they usually count on that development to proceed. That is per each trade and the Facilities for Medicare & Medicaid Providers’ projections.

Moreover, 96% of respondents indicated that dwelling care prices have elevated over the previous 5 years, with greater than one-quarter saying prices have elevated greater than 10%.

“Nationally, there continues to be a big progress in demand for dwelling care providers,” mentioned Christopher Bradbury, CEO of IHCS. “This isn’t shocking, given the surging senior inhabitants, the recognition of dwelling care, the advances in homecare-related know-how and the considerably decrease prices of dwelling care providers when in comparison with facility-based care.”

Amongst different key findings within the report:

  • 80% of respondents predicted the rise in dwelling care utilization is everlasting.
  • Solely 38% mentioned their group is performing “very properly” relating to supporting the house care wants of plan members. Whereas 60% mentioned they do that “reasonably properly.”
  • Practically two-thirds say executives meet not often or often to debate dwelling care.
  • 75% mentioned lowering the executive burden of dwelling care is a high advantage of delegating providers to a 3rd social gathering. About 50% mentioned bettering service coordination is a key profit.

“With the rising demand for dwelling care providers, well being plans are more and more on the lookout for new approaches to enhance well timed entry to care, scientific outcomes, affected person satisfaction, and general affordability,” mentioned Bradbury. “Fortuitously, there’s vital innovation happening, not solely in home-based high quality of care, but in addition in bettering the affected person expertise and delivering vital financial savings. Expertise, scientific excellence, information insights, deeper care coordination, and value-based preparations are driving forces round most of the revolutionary and efficient approaches utilized by well being plans.”

The total report, “Are Well being Plans Ready for Residence Care’s Speedy Ascent?” may be discovered by visiting IHCScorp.com.

About Built-in Residence Care Providers, Inc.

Built-in Residence Care Providers (IHCS), the nation’s main unbiased dwelling care advantages administrator, gives a value-based, absolutely built-in dwelling care mannequin for managed care organizations. Our distinctive mannequin improves care high quality and coordination for over 2 million members, whereas lowering administrative prices by managing key features reminiscent of community growth, administration, and credentialing, utilization administration, and claims. For extra details about an built-in dwelling care mannequin, obtain our place paper, or to study extra about IHCS, please go to ihcscorp.com.

For Extra Data
John Gonda
616-309-4888
[email protected]

SOURCE Built-in Residence Care Providers, Inc.

New Report Highlights Important Residence Care Challenges, Gaps, and Alternatives Amid Rising Demand for Providers

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