Tag: Homecare
Here to stay, here to thrive
September 25, 2012Jennifer Keirn
There are plenty of factors on the homecare industry's side to ensure that it is not only here to stay but also to thrive—demography, patient preference, technology development and disease prevalence.Reimbursement challenges may stand in the industry's way, but a future of success and opportunity is waiting for providers on the other side, say stakeholders.“Even in this tumultuous time, we are still seeing a huge growth in demand,” says Mike Mallaro, CFO of The VGM Group. “Most...
Word on the street
September 25, 2012HME News Staff
“Don't allow yourself to get down. We all move in the direction of our dominant thought. If you think you're going to be a victim, then you might as well start acting like road kill.” - Val Halamandaris“I see a new market developing where baby boomers who are retiring will say, 'To hell with insurance and Medicare. I will buy it myself.'” - Shelly Prial“Medicare has always challenged the HME industry. The Medicare law calls us a supplier and not a provider. I am personally...
The future is in the numbers
September 25, 2012HME News Staff
Five percent of Americans consume 50% of our nation's healthcare costs. (Agency for Healthcare Research and Quality)Every day for the next 17 years, 10,000 baby boomers will turn 65. Of the U.S. population, 26% are in the baby boomer generation. (Pew Research Center)By 2030, there will be about 71.5 million people over 65, more than twice their number in 2000. (U.S. Administration on Aging)About 12 million individuals currently receive care in their homes from more than 33,000 homecare provider agencies,...