DOTmed March 24, 2025
Home-based care providers are facing a perfect storm in 2025. Even with modest improvements in operating margins last year, financial stability remains elusive as administrative costs continue to climb at every level of the healthcare system. For example, industry data suggests that administrative overhead now makes up more than 40% of total hospital expenses, and home healthcare is no exception, seeing a 10% increase in home health costs.
Labor and drug costs are further straining the system. Analysts warn that providers risk significant financial setbacks without proactive cost control and strategic investments, particularly in areas like revenue cycle management (RCM). For home health and hospice agencies, reimbursement complexities and rising administrative costs pose formidable challenges. Many providers are turning to...
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