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Homecare 2011
New Expectations, New Market Energy
The government has always played a huge role in the homecare market through Centers for Medicaid and Medicare Services (CMS) regulations. Since many patients receiving homecare services are on Medicare, the CMS heavily monitors the dispersing of government dollars. Reimbursements are contingent on meeting complex, frequently changing sets of regulations. Homecare agencies typically have thin margins to begin with, so they depend on their software vendors to meet all regulations within aggressive timelines that support not only compliance, but also training, deployment, and adoption. If vendors miss CMS deadlines, agencies do not get full reimbursements. If CMS pressures were not sufficient, rising interest in accountable care organizations (ACOs) to create a full continuum of care is pushing homecare vendors to provide interoperability between their solutions and hospital/ambulatory EMR systems.
This material is copyrighted. Any organization gaining unauthorized access to this report will be liable to compensate KLAS for the full retail price. Please see the KLAS DATA USE POLICY for information regarding use of this report. © 2024 KLAS Research, LLC. All Rights Reserved. NOTE: Performance scores may change significantly when including newly interviewed provider organizations, especially when added to a smaller sample size like in emerging markets with a small number of live clients. The findings presented are not meant to be conclusive data for an entire client base.