Posted on Monday, December 9, 2019 1:46 PM
According to a new study from Definitive Healthcare, many home health providers plan to diversify their specialty services within the next two years, except therapy-related services, which virtually no providers plan on expanding anytime soon.
The study garnered information from 159 home health agencies, with it consisting of roughly 70% agency-level providers and 30% corporation-type businesses. From 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 it’s 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.”
Click here for the full article.
About Corridor
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.
