October 13, 2022
Family caregivers are the lowest cost setting of care, as a result, the government has unveiled the National Strategy to Support Family Caregivers. This program includes about 350 federal programs to help the 53 million family caregivers.
“The value of family caregiving is estimated to be about $470 billion per year. If these family caregivers were to suddenly disappear, the health care system as we know it likely would be on the hook for that additional $470 billion of support and service,” Greg Link, director of the Office for Supportive and Caregiver Services at ACL told Hospice News. “We have an opportunity through some of the data, research, and actions that are in the strategy to get closer to understanding the real dollar value of caregiving, and also what a relatively small investment in supporting caregivers could ultimately save the health care system.”
Click here for the full article.
About Corridor
For over 30 years, Corridor has partnered with home-based care providers, delivering powerful solutions to support the unique challenges of caring for patients in the home. Our team of operating executives, clinicians, and nationally renowned industry experts have run provider organizations and resolved the same challenges you face.
To receive the most important industry updates, insights and news impacting home health and hospice, please make sure to sign up for our weekly newsletter.
