Saturday, 24 July 2010

All About The US Home Care Industry

Aid from those who live with or around the patient is the oldest form of medical assistance, but as the industrial age came about, people tended towards using facilities and hospitals more than sticking to these older methods. However, although informal assistance still ranks as the most common, there is a large amount of growth in the home care industry, caused by those who prefer to remain in their houses but cannot do it alone.

Assisting the elderly and the infirm with their basic needs is a tradition that goes back to the beginning of mankind. However, specialized medical assistance became a thing that was received in an in-patient center during the industrial revolution. Funding for other types of care revitalized the industry in the 1960's.

Nursing homes sprang up everywhere during the 1950's and 60's, when there was a tax break for creating one. However, this led to a lack of regulations on the industry, and along with new rules came new funding from Medicare for alternative types of assistance in the late 1960's.

Much of the costs of the home care industry are still absorbed by Medicare. Slightly more than a third of patients have their assistance paid for by Medicare. These services include both medical and non-medical assistance, such as dosing and taking medications, and cooking or bathing. Most of the non-medical assistance is provided by home health aides, while nurses (LVNs and RNs) provide most of the 'skilled' assistance.

Medical assistance is not cheap, which explains why so many beneficiaries are on Medicare. Unskilled personnel come at prices from minimum wage on up, but nurses can command $40+ dollars a visit. Companies that provide these services charge even more, to cover their overhead costs and still make a profit.

A complete picture of spending for this area is difficult to draw, because of several reasons. One is that services provided in-home are not necessarily listed as home-care services. Another is the many companies, agencies, and individuals paying for the services. Medicare spending was estimated at $428 billion for in-home services in the year 2008.