POSTED ON MONDAY, June 22, 2020
As we have covered many times, the home health care industry struggles with significant caregiver turnover rates attributed to agencies offering low pay, weak benefits and few training opportunities.
“Home care owners knew they had this tsunami coming toward them and that they needed to [take steps] to mitigate the challenges of caregiver turnover,” Home Care Pulse CEO Erik Madsen said. “About three years ago, that started to happen. As a result, we’re starting to see a flattening of the curve with turnover”
In 2018 the industry saw its highest ever turnover rate of 82%. Last year, it saw it greatest drop last year, and this trend is expected to continue.
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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!
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