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The	
  Top	
  5	
  Challenges	
  Facing	
  Home	
  Care	
  Agencies	
  in	
  2014	
  
	
  
It’s	
  no	
  secret	
  that	
  growth	
  in	
  the	
  home	
  care	
  
industry	
  is	
  on	
  the	
  rise.	
  More	
  new	
  agencies	
  
emerge	
  on	
  the	
  scene	
  every	
  day.	
  This	
  is	
  good	
  
news	
  for	
  our	
  aging	
  population,	
  but	
  makes	
  
competing	
  in	
  an	
  increasingly	
  saturated	
  
market	
  an	
  even	
  bigger	
  challenge.	
  Putting	
  
your	
  agency	
  on	
  a	
  path	
  to	
  growth	
  in	
  2014	
  
starts	
  with	
  understanding	
  these	
  challenges.	
  
Let’s	
  take	
  a	
  closer	
  look	
  at	
  what	
  you’re	
  up	
  
against	
  and	
  what	
  you	
  need	
  to	
  do	
  to	
  stay	
  
ahead	
  of	
  your	
  competitors	
  this	
  year.	
  	
  	
  
	
  
1.	
  Preparing	
  for	
  Increased	
  Demand	
  
As	
  home	
  care	
  consultants	
  we	
  know	
  that	
  the	
  numbers	
  of	
  people	
  seeking	
  home	
  care	
  are	
  going	
  
to	
  continue	
  to	
  grow	
  this	
  year	
  and	
  beyond.	
  According	
  to	
  iHealthBeat.org,	
  50	
  million	
  Americans	
  
will	
  be	
  65	
  years	
  or	
  older	
  by	
  2020,	
  representing	
  approximately	
  17	
  percent	
  of	
  the	
  population.	
  
With	
  more	
  aging	
  individuals	
  preferring	
  to	
  receive	
  care	
  in	
  the	
  comfort	
  of	
  home,	
  many	
  home	
  
care	
  agencies	
  will	
  struggle	
  to	
  meet	
  the	
  growing	
  demand	
  with	
  qualified	
  staff	
  and	
  capable	
  
caregivers.	
  You	
  will	
  want	
  to	
  start	
  preparing	
  for	
  increased	
  demand	
  by	
  ensuring	
  you	
  have	
  the	
  
proper	
  systems	
  in	
  place	
  to	
  handle	
  it.	
  This	
  may	
  mean	
  upgrading	
  technology	
  or	
  hiring	
  a	
  home	
  
care	
  consultant	
  to	
  help	
  update	
  your	
  policy	
  and	
  procedure	
  manual.	
  
	
  
2.	
  Recruiting	
  and	
  Retaining	
  the	
  Right	
  Staff	
  
Recruiting	
  qualified	
  caregivers	
  is	
  a	
  critical	
  part	
  of	
  growing	
  your	
  home	
  care	
  agency.	
  After	
  all,	
  
satisfied	
  customers	
  are	
  the	
  lifeblood	
  of	
  referrals.	
  While	
  there	
  is	
  a	
  high	
  demand	
  for	
  skilled	
  staff	
  
and	
  caregivers	
  in	
  the	
  field,	
  the	
  number	
  of	
  qualified	
  applicants	
  available	
  varies	
  around	
  the	
  
country.	
  Some	
  regions	
  don’t	
  have	
  access	
  to	
  a	
  large	
  pool	
  of	
  well-­‐trained	
  staff—especially	
  those	
  
agencies	
  located	
  in	
  areas	
  where	
  there	
  are	
  no	
  trade	
  schools	
  or	
  colleges	
  offering	
  home	
  care	
  
education.	
  	
  
	
  
Once	
  staff	
  has	
  been	
  recruited,	
  home	
  care	
  agencies	
  must	
  find	
  a	
  way	
  to	
  retain	
  their	
  best	
  
employees.	
  Pay	
  is	
  obviously	
  a	
  key	
  component	
  in	
  retaining	
  qualified	
  staff,	
  but	
  it’s	
  only	
  one	
  of	
  
many	
  factors.	
  You	
  also	
  want	
  to	
  ensure	
  your	
  agency	
  provides	
  the	
  main	
  drivers	
  of	
  staff	
  
satisfaction,	
  meaningful	
  work	
  and	
  appreciation	
  for	
  their	
  efforts,	
  as	
  well	
  as	
  a	
  comfortable	
  work	
  
environment,	
  clearly	
  defined	
  responsibilities	
  and	
  expectations,	
  and	
  opportunities	
  for	
  
advancement.	
  	
  
	
  
3.	
  Getting	
  Referrals	
  
Some	
  areas	
  of	
  the	
  country	
  have	
  highly	
  saturated	
  markets,	
  often	
  making	
  it	
  difficult	
  for	
  a	
  home	
  
care	
  agency	
  to	
  obtain	
  referrals.	
  Still,	
  the	
  first	
  step	
  to	
  increasing	
  referrals	
  in	
  any	
  market	
  will	
  
always	
  be	
  providing	
  the	
  highest	
  level	
  of	
  care.	
  Home	
  care	
  consultants	
  can	
  provide	
  marketing	
  
support	
  to	
  help	
  create	
  your	
  overall	
  marketing	
  plan,	
  web	
  presence,	
  and	
  print	
  advertising	
  you	
  
need	
  to	
  get	
  the	
  word	
  out	
  about	
  your	
  business.	
  Your	
  lead	
  generation	
  strategy	
  can	
  include	
  
everything	
  from	
  sending	
  eNewsletters	
  to	
  existing	
  clients	
  to	
  distributing	
  your	
  brochure	
  to	
  local	
  
assisted	
  living	
  buildings,	
  physician’s	
  offices,	
  hospitals,	
  and	
  outpatient	
  clinics.	
  
	
  
4.	
  Establishing	
  Partnerships	
  
Establishing	
  valuable	
  partnerships	
  with	
  new	
  and	
  emerging	
  entities	
  like	
  Accountable	
  Care	
  
Organizations	
  (ACOs)	
  and	
  Medical	
  Homes	
  is	
  key	
  to	
  growing	
  your	
  agency.	
  These	
  partnerships	
  
provide	
  another	
  effective	
  way	
  to	
  improve	
  referrals.	
  But	
  securing	
  these	
  partnerships	
  presents	
  
a	
  challenge	
  because	
  you	
  need	
  to	
  strategically	
  position	
  your	
  agency	
  as	
  a	
  value-­‐added	
  partner.	
  	
  
	
  
5.	
  Training	
  and	
  Education	
  
Regulations	
  and	
  certification	
  requirements	
  are	
  constantly	
  changing	
  in	
  the	
  home	
  care	
  industry.	
  
Your	
  agency	
  must	
  keep	
  policies	
  and	
  procedures	
  up-­‐to-­‐date	
  with	
  these	
  regulations	
  and	
  
communicate	
  the	
  changes	
  to	
  staff.	
  This	
  process	
  requires	
  you	
  to	
  educate	
  employees	
  regularly	
  
and	
  provide	
  training	
  to	
  improve	
  patient	
  care.	
  Consider	
  creating	
  monthly	
  or	
  quarterly	
  training	
  
programs	
  in	
  addition	
  to	
  continuing	
  education	
  programs	
  for	
  caregivers	
  and	
  office	
  staff.	
  This	
  
will	
  keep	
  employees	
  current	
  with	
  best	
  practices	
  and	
  stay	
  up-­‐to-­‐date	
  on	
  any	
  new	
  compliance	
  
issues.	
  
	
  
Tackle	
  all	
  of	
  this	
  year’s	
  challenges	
  with	
  the	
  assistance	
  of	
  an	
  experienced	
  home	
  care	
  consultant	
  
like	
  Kenyon	
  HomeCare	
  Consulting.	
  We	
  can	
  perform	
  an	
  organizational	
  assessment	
  to	
  see	
  
where	
  you	
  are	
  today	
  and	
  help	
  develop	
  a	
  strategic	
  plan	
  for	
  your	
  future.	
  Schedule	
  an	
  
appointment	
  by	
  visiting	
  www.KenyonHCC.com	
  or	
  by	
  calling	
  206.721.5091.	
  

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The Top 5 Challenges Facing Home Care Agencies in 2014

  • 1. The  Top  5  Challenges  Facing  Home  Care  Agencies  in  2014     It’s  no  secret  that  growth  in  the  home  care   industry  is  on  the  rise.  More  new  agencies   emerge  on  the  scene  every  day.  This  is  good   news  for  our  aging  population,  but  makes   competing  in  an  increasingly  saturated   market  an  even  bigger  challenge.  Putting   your  agency  on  a  path  to  growth  in  2014   starts  with  understanding  these  challenges.   Let’s  take  a  closer  look  at  what  you’re  up   against  and  what  you  need  to  do  to  stay   ahead  of  your  competitors  this  year.         1.  Preparing  for  Increased  Demand   As  home  care  consultants  we  know  that  the  numbers  of  people  seeking  home  care  are  going   to  continue  to  grow  this  year  and  beyond.  According  to  iHealthBeat.org,  50  million  Americans   will  be  65  years  or  older  by  2020,  representing  approximately  17  percent  of  the  population.   With  more  aging  individuals  preferring  to  receive  care  in  the  comfort  of  home,  many  home   care  agencies  will  struggle  to  meet  the  growing  demand  with  qualified  staff  and  capable   caregivers.  You  will  want  to  start  preparing  for  increased  demand  by  ensuring  you  have  the   proper  systems  in  place  to  handle  it.  This  may  mean  upgrading  technology  or  hiring  a  home   care  consultant  to  help  update  your  policy  and  procedure  manual.     2.  Recruiting  and  Retaining  the  Right  Staff   Recruiting  qualified  caregivers  is  a  critical  part  of  growing  your  home  care  agency.  After  all,   satisfied  customers  are  the  lifeblood  of  referrals.  While  there  is  a  high  demand  for  skilled  staff   and  caregivers  in  the  field,  the  number  of  qualified  applicants  available  varies  around  the   country.  Some  regions  don’t  have  access  to  a  large  pool  of  well-­‐trained  staff—especially  those   agencies  located  in  areas  where  there  are  no  trade  schools  or  colleges  offering  home  care   education.       Once  staff  has  been  recruited,  home  care  agencies  must  find  a  way  to  retain  their  best   employees.  Pay  is  obviously  a  key  component  in  retaining  qualified  staff,  but  it’s  only  one  of   many  factors.  You  also  want  to  ensure  your  agency  provides  the  main  drivers  of  staff   satisfaction,  meaningful  work  and  appreciation  for  their  efforts,  as  well  as  a  comfortable  work  
  • 2. environment,  clearly  defined  responsibilities  and  expectations,  and  opportunities  for   advancement.       3.  Getting  Referrals   Some  areas  of  the  country  have  highly  saturated  markets,  often  making  it  difficult  for  a  home   care  agency  to  obtain  referrals.  Still,  the  first  step  to  increasing  referrals  in  any  market  will   always  be  providing  the  highest  level  of  care.  Home  care  consultants  can  provide  marketing   support  to  help  create  your  overall  marketing  plan,  web  presence,  and  print  advertising  you   need  to  get  the  word  out  about  your  business.  Your  lead  generation  strategy  can  include   everything  from  sending  eNewsletters  to  existing  clients  to  distributing  your  brochure  to  local   assisted  living  buildings,  physician’s  offices,  hospitals,  and  outpatient  clinics.     4.  Establishing  Partnerships   Establishing  valuable  partnerships  with  new  and  emerging  entities  like  Accountable  Care   Organizations  (ACOs)  and  Medical  Homes  is  key  to  growing  your  agency.  These  partnerships   provide  another  effective  way  to  improve  referrals.  But  securing  these  partnerships  presents   a  challenge  because  you  need  to  strategically  position  your  agency  as  a  value-­‐added  partner.       5.  Training  and  Education   Regulations  and  certification  requirements  are  constantly  changing  in  the  home  care  industry.   Your  agency  must  keep  policies  and  procedures  up-­‐to-­‐date  with  these  regulations  and   communicate  the  changes  to  staff.  This  process  requires  you  to  educate  employees  regularly   and  provide  training  to  improve  patient  care.  Consider  creating  monthly  or  quarterly  training   programs  in  addition  to  continuing  education  programs  for  caregivers  and  office  staff.  This   will  keep  employees  current  with  best  practices  and  stay  up-­‐to-­‐date  on  any  new  compliance   issues.     Tackle  all  of  this  year’s  challenges  with  the  assistance  of  an  experienced  home  care  consultant   like  Kenyon  HomeCare  Consulting.  We  can  perform  an  organizational  assessment  to  see   where  you  are  today  and  help  develop  a  strategic  plan  for  your  future.  Schedule  an   appointment  by  visiting  www.KenyonHCC.com  or  by  calling  206.721.5091.