Local Benchmarking Data for Home Care and Hospice
Healthcare Market Resources, Inc. can provide your agency with the most comprehensive home health and hospice benchmark data in the industry down to the local level. This gives you the ability to see how you measure in your own local home care or hospice market and not just against regional, state and national benchmarks where market factors may be very different.
Here are just some of the benchmarks we can provide. If you do not see what you are looking for here, please contact us at info@healthmr.com or call 215-657-7373. and we will let you know if we have that benchmark data available.
Home Health Benchmarks |
Hospice Benchmarks |
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Click on the description of any report to find out more or see a sample report:
Home Health Benchmark Reports
Visit Activity and Profit Detractors -This profile tracks visits per episode (total and by discipline), a key measure in assessing operational efficiency and comparing it to competitive benchmarks.
Market Share II Report- This report contains market share data for days, the basic billing unit for hospice. It also shows the actual calculated Average Daily Census (ADC), the measure that hospice management uses to judge program scale. Days-per-discharge, a compelling indicator of profitability that reflects whether a hospice is able to spread upfront costs over a larger revenue base is also calculated.
Medicare Hospital Inpatient Deaths and Hospice Referrals by DRG Report- The report presents the first-ever ‘best practices’ for nationwide hospital discharge practices to hospice, against which local market performance and individual hospital performance can be benchmarked. Description
Sample This profile tracks visits per episode (total and by discipline), a key measure in assessing operational efficiency and comparing it to competitive benchmarks. Home health agencies can also categorize episodes by level of reimbursement. Agencies can also compare their specific “visits” data against their competitors, and they may discover that changing their clinical practices is a good way to cut costs and increase profits.
Return to Home Health Benchmark Data List
Sample This report reveals how many patients a hospital discharges to home health care, community (self care) or to a medical facility, and it also reports these discharges by Diagnosis Related Group (DRG). You can use the report to value the referral potential of individual discharge planners, determine the market for specialty care programs, understand institutional and physician referral preferences for different patient populations based on their assigned clinical areas, and base your key account strategies on facts, not perceptions. The report also presents the first-ever ‘best practices’ for nationwide hospital discharge practices, against which local market performance and individual hospital performance can be benchmarked. Available separately for every acute care, rehabilitation, long-term acute care (LTAC) and psychiatric hospital in the United States, each report is customized for a single Medicare provider number. To optimize ease of use and convenience, only the most important DRGs are shown within the appropriate Major Diagnostic Code (MDC). The report also shows the hospital’s actual length of stay (LOS) for each key DRG and major diagnostic group along with the expected length of stay, based on the severity mix. One can quickly see if the hospital is challenged in orchestrating a timely discharge. Since LOS is also revealed for home health patients, it will be apparent if these patients are treated differently.
Return to Home Health Benchmark Data List
Sample This report presents an overall financial picture of the market and the competitors. You can make relative cost and profit comparisons among agencies. You can compare average visits per LUPA to local market standards. If visits per LUPA are high and there is a higher than normal percentage of LUPA episodes, then further investigation is warranted to determine if operational issues (delayed start-of-care and missed visits) are causing certain episodes to miss the full episode threshold.
Return to Home Health Benchmark Data List
Sample This report contains market share data for discharges and revenue by quarter. Knowing market share enables users to better target their marketing and set realistic growth goals. Revenue per discharge, a key metric of patient profitability, is calculated with enhanced accuracy because we base the revenues on final claims data. A seasonality index provides additional insight into quarterly performance that is useful in forecasting demand or explaining changes in activity.
Sample This report contains market share data for days, the basic billing unit for hospice. It also shows the actual calculated Average Daily Census (ADC), the measure that hospice management uses to judge program scale. Days-per-discharge, a compelling indicator of profitability that reflects whether a hospice is able to spread upfront costs over a larger revenue base is also calculated. No longer can you be misled by the “hearsay” evidence of how large their program is.
Sample This report reveals how many patients die in a hospital or the hospital discharges to hospice or other settings and it also reports these activities by Diagnosis Related Group (DRG). With this information, you can value the referral potential of individual discharge planners, determine the market for specialty care programs, understand institutional and physician referral preferences for different patient populations based on their assigned clinical areas, and base your key account strategies on facts, not perceptions. In addition, it shows the length of stay for all patients who died in the facility. Since all patients who died have a stay of at least three days, it is possible to calculate the opportunity for inpatient hospice referrals. The report also presents the first-ever ‘best practices’ for nationwide hospital discharge practices to hospice, against which local market performance and individual hospital performance can be benchmarked. Available separately for every acute care, in the United States, each report is customized for a single Medicare provider number. To optimize ease of use and convenience, only the most important DRGs are shown within the appropriate Major Diagnostic Code (MDC).
Medicare Hospital Discharges by DRG Report – This report reveals how many patients a hospital discharges to home health care, community (self care) or to a medical facility, and it also reports these discharges by Diagnosis Related Group (DRG). The report also presents the first-ever ‘best practices’ for nationwide hospital discharge practices, against which local market performance and individual hospital performance can be benchmarked.
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Financial Analysis -This report presents an overall financial picture of the market and the competitors. You can make relative cost and profit comparisons among agencies. You can compare average visits per LUPA (Low Utilization Payment Adjustment) to local market standards.
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Hospice Benchmark Reports
Market Share I Report -This report contains market share data for discharges and revenue by quarter. Knowing market share enables users to better target their marketing and set realistic growth goals.
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Visit Activity and Profit Detractors
Medicare Hospital Discharge by DRG Report
Financial Analysis
Hospice Market Share I Report
Hospice Market Share II Report
Medicare Hospital Inpatient Deaths and Hospice Referrals by DRG Report