Home care (also sometimes known as personal care or private-duty) companies typically provide in-home, non-clinical services that help patients live independently. Caregivers may assist patients with daily activities like getting dressed or bathing, or may perform light housekeeping duties. Traditionally these services may be covered by any of a number of payors, such as Medicaid or other public funding sources, private pay or long-term care insurance. Find out more about the current home care market from one of Stoneridge Partners’ experienced advisors here.
Home health companies use medical professionals to provide post-acute clinical services in the home. These services may include wound care, intravenous therapy, assistance with managing chronic health conditions and physical, occupational and speech therapy. These services are covered by Medicare, Medicare Advantage plans or commercial insurance. Click here to learn more about the current home health market from one of Stoneridge Partners’ advisors.
Hospice and/or palliative care is provided to patients who are suffering from a life-limiting illness. The goal of hospice care is to ease any pain or symptoms and to make the patient as comfortable as possible. Other services may include assistance with managing household tasks while the patient is being cared for; counseling for the patient, family and friends; and respite care for the patient’s caregivers. Hospice services are traditionally covered under the Medicare benefit.
Behavioral health is a field that encompasses a wide spectrum of healthcare services. Some providers specialize in working with clients who have intellectual or developmental disabilities; often these services may be provided in group homes, community-based settings or via in-home support services. Others provide treatment for substance use disorders through out-patient or residential in-patient services. Read more about the current market for behavioral health service providers here.