Business Insurance After COVID
Your home health clients deserve the safest conditions whether at home or on the go. Transporting your clients will bring with it a special set of challenges
Your home health clients deserve the safest conditions whether at home or on the go. Transporting your clients will bring with it a special set of challenges
Your home health clients deserve the safest conditions whether at home or on the go. Transporting your clients will bring with it a special set of challenges
As your home care agency is growing, you’re also experiencing increasing insurance premium costs, particularly in the area of Workers Compensation, to reflect the growth in your staff and payrolls.
Sеnіоr citizens wоuld lіkеlу want tо rеtаіn ѕоmе dеgrее of independence. Yеѕ, believe іt оr nоt thе ѕеnіоr members of оur fаmіlіеѕ wоuld still very muсh wаnt tо bе independent dеѕріtе their аgе and рhуѕісаl соndіtіоn – whісh іѕn’t likely tо bе all thаt great, tо bе hоnеѕt. It is реrhарѕ a nаturаl dеѕіrе that’s inherent wіthіn еасh оf uѕ, аnd dоеѕ not disappear even when we аrе already muсh оldеr. Dеѕріtе their desire tо have ѕоmе mеаѕurе оf independence though, іt still has to be vіеwеd rеlаtіvе tо their ѕресіfіс needs and situation.
The home health business is growing, and current trends are showcasing that growth in a number of interesting ways. Beginning in 2014, the industry really began to take off, with more seniors opting to stay out of nursing homes and receive assistance in their own homes.
With advances in technology and changes in healthcare, Pennsylvania Mcare (Medical Care Availability and Reduction of Error Fund) will become history. Mcare's establishment in 2002 was to succeed the Medical Professional Liability Catastrophe Loss Fund (CAT Fund). The purpose of PA Mcare is to ensure that individualsthat arehurt due to medical malpractice receive reasonable compensation
As mentioned in our previous blog post, predictions made by the CDC indicate that the number of people diagnosed with Alzheimer’s disease will increase three-fold to approximately 14 million people by 2050.
Both Dementia and Alzheimer’s are progressive conditions that can be helped with treatment, but tragically, no cure exists. Often, people use the words Dementia and Alzheimer’s interchangeably, however the two are not the same.
Home healthcare is expected to be the fastest growing sector over the next ten years. This rapid pace of growth has expanded the market. Many entrepreneurs are getting their piece of the pie through homecare agency ownership. This expansion has also brought on an influx of insurance brokers and carriers that now serve the industry. These brokers and carriers may not have the experience, as they may not have served the industry in the past.