The American population is aging. As the Baby Boomers begin to transition into a new phase of life, there will likely be a greater demand for home health care services. In an effort to help address this need, lawmakers passed the Patient-Driven Groupings Model (PDGM). The Centers for Medicare and Medicaid Services (CMS) touted this new model as a means to improve reimbursement for home health care services.
This month, The New York Times teamed up with the research firm CB Insights to select 50 startup businesses that they think will eventually be valued at $1 billion or more. Six of the startups, which they refer to as "unicorns," are part of the health care industry.
The New York City Department of Consumer Affairs (DCA) is following the recent practices of the United States Department of Labor. The federal government recently identified a prevalence of labor law violations within the home health care agency industry. As such, the DCA put together a group to investigate for local offenders.
The Centers for Medicare and Medicaid Services (CMS) recently filed its 2019 Medicare Inpatient Prospective Payment System (IPPS) proposed rule.
Sometimes things are not what they appear to be. Nevertheless, our legal system so often finds a way to deliver justice, even after someone has been accused and convicted of crimes. That is the case with a doctor and owner of a home health care business.
In the Old West, bounty hunters wore cowboy hats and spurs. They would pursue fugitives across plains, through valleys and over mountains in search of a payday. Today, bounty hunters wear business attire and might work for the federal government, suppliers of durable medical equipment, home health care companies or other providers.
Anyone who runs a home health agency knows how all-consuming it can be: You care deeply about your patients, you have hired the best employees out there and you put in the effort to make your care extra personal. Now, after countless hours of hard work, you are ready to sell its services.
In the state of New York, there is a long-standing practice that if a home care attendant works a 24-hour shift, their employer need only pay them for 13 hours of work. This is because the remaining 11 hours are spent, presumably, eating meals and sleeping. Although this practice has been the legal precedent in New York for years, two recent court cases nearly toppled it entirely.
If you own a home health care agency, hospice or other health care-related business, a time may come when you start to think about selling it. Maybe you have reached the stage of life where you are considering retirement, or maybe you have found that holding on to the practice has become more of a chore than a labor of love.
Are you looking for the next big thing but do not want to worry about the stress of completely starting from scratch? You might consider purchasing an existing health care franchise or business. One franchise that has grown at a great rate over the past few years is home health care. Home health care, sometimes called senior care, is something for you to consider due to the low investment costs, growing popularity and the fact it is an industry with a good purpose.