Several long-term care agencies are struggling to start private-pay divisions to diversify their revenue streams and to supplement their Medicaid and Medicare business. Building a private -pay home care practice requires a different approach. At the baseline of both private-pay and Medicaid-pay services is quality service delivery. However, the quality demands from private customers, paying out-of-pocket about $25 – $35 for each hour of service is often higher than Medicaid recipient. Also, should you go down the private insurance route, the needs and contract demands are different and vary from insurance companies.
So, going in blindly should not be the option.
Our Private-Pay Assessments allow you to think through the key elements of setting up a private-pay division and assess the gaps that might exist in your current structure that would have to be filled to deploy private-pay services effectively.