Wednesday, April 1, 2015

Emerging home care models for an exploding population

The What's next Boomer Business Summit held last week in Chicago showcased new models to address the needs of boomers as caregivers. We are at a critical juncture where we need trained caregivers, and  access for families to be able to obtain care at reasonable and affordable costs without minimizing quality.
One such organization is Carelinx.com. They have created a model that differs from the traditional home care model that has emerged through  franchised models as well as non-profit sector that typically is a local solution. In order to be cost effective, scale is essential and this is one of the underpinnings to their model of matching caregivers with families at significant savings to the family. Whereas Medicare pays for skilled care at home there is not a similar model for non-skilled care.  Long term care insurance, veterans programs, managed medicaid,and some subsidies are offered by mission driven organizations. Most of   care is out-of-pocket subsidy.
We believe we need to provide more third party reimbursements so that the employed family members are not absent from work ( absenteeism) or at work attempting to navigate care (presenteeism). These are extraordinary costs to employers. We need a dialog with organizations such as CareLinx and ReAct. (www.respectcaregivers.org) and the community to meet this challenge. We need to eliminate the silos and maximize our resources.

No comments:

Post a Comment