Home Health Care Services

Home Health Care Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry provide a range of skilled nursing and other health care services, as well as personal care services, to patients in their homes. Major companies include Amedisys, Apria, CenterWell Home Health, and Lincare (all based in the US), along with Cera Care (UK), LVL Médical (France), and SE Health (Canada).

COMPETITIVE LANDSCAPE

Health reform efforts are driving down reimbursement for medical services, including home health care, and payments are increasingly based on whether providers meet quality standards. At the same time, care is being pushed into lower-cost settings, giving home health agencies an advantage as they provide an alternative to costly nursing home and hospital care. Populations are aging in nations around the globe, and elderly residents increasingly prefer to stay in their homes.

PRODUCTS, OPERATIONS & TECHNOLOGY

The home health care industry includes medical and skilled nursing services; medical equipment, supplies, and medication services; personal care (such as bathing and transportation); therapeutic services (like physical and respiratory therapy); and psychosocial services (including counseling and spiritual care). Services include traditional bundled home care about (30% of industry revenue), which often includes rehabilitative services (30%), as well as home hospice care (about 20%), and home nursing care (10%).