The Surge in Home-Based Care Demand

At Diversified Insurance Industries (DII), we've observed firsthand the transformative surge in demand for home-based care services. This shift is driven by technological advancements enabling high-quality care at home and a societal preference for aging in place. But with that surge in demand come other changes and challenges. As the healthcare landscape evolves, home healthcare agencies face challenges such as labor shortages, wage growth, and regulatory requirements, including the implementation of Electronic Visit Verification (EVV).

The Aging Population, A Catalyst for Home Care Expansion

The aging baby boomer generation is significantly impacting the demand for home-based care services. With the elderly population expected to exceed 80 million by 2050, DII recognizes the necessity for robust home healthcare systems. DII is dedicated to providing insurance and compliance solutions that enable home healthcare agencies to focus on caring for the complex health needs of these clients, ensuring they can age comfortably and safely in their own homes.

Regulatory Requirements: Ensuring Compliance & Quality Care with DII

DII understands the complexity of regulatory requirements facing home healthcare agencies. Inside the home healthcare industry, changes are always on the horizon, and 2024 is no exception: Electronic Visit Verification (EVV) is a technology solution mandated by the 21st Century Cures Act, aimed at verifying home healthcare and personal care services. 

EVV systems confirm that service visits occur by documenting the precise time, location, type of service, and individuals involved in the care delivery. This initiative seeks to enhance the integrity of Medicaid-reimbursed care services by reducing billing errors and preventing fraudulent claims.

DII: Your Partner in Achieving And Maintaining Compliance

Our team is here to support agencies in achieving compliance while maintaining high-quality care. Our insurance solutions are designed to protect your agency against regulatory risks, ensuring you can focus on delivering patient-centered services that meet all standards. By partnering with DII, you gain a proactive ally in compliance, one that equips you to navigate regulatory shifts without losing focus on what matters most—providing quality care to those in need.

Preparing for a Future Dominated by Home-Based Care

As 2024 continues, DII is ready to support agencies through this evolution. We offer comprehensive insurance solutions that ensure your agency can navigate these changes confidently, focusing on providing personalized and convenient care solutions that home-based care offers.

As the future of healthcare leans increasingly towards home-based care, DII is at the forefront of providing the insurance and compliance support necessary for agencies to thrive. With demographic shifts, economic pressures, and technological advancements shaping the industry, Josh Haisfield and our team at DII are your trusted partners in innovation, quality care, and strategic planning.

Conclusion

The challenges and risks in home healthcare are diverse and complex. But you don't have to face these challenges alone.

At DII, we specialize in home healthcare agency insurance needs. We understand the unique requirements and risks of your industry, and we're here to provide tailored solutions to safeguard your business, staff, and clients.

To learn more about your options for your home healthcare Insurance coverage, contact Josh Haisfield - DII's Home Healthcare+ Specialist. He can help you find the coverage that's right for you. https://www.dii-ins.com/specialty-programs/dii-home-health-care-plus/