Home Health and Hospice Data and Statistics– Get the Local Market Information You Need
Healthcare Market Resources, Inc. can provide your agency with the most comprehensive data and statistics in the industry to help your agency really know what is going on in your market. Our data allows you to see what is really happening down at the local level.
More accurate and more comprehensive than data from other sources, our Medicare claims-based reports give you the clear picture you need for financial, planning, operations, sales and marketing decisions in the competitive home health and hospice arenas.
Here are just some of the data and information 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 Data & Statistics |
Hospice Data & Statistics |
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Click on the description of any report to find out more or see a sample report:
Home Health Data & Statistic Reports:
HHRG Domain Scoring- This report analyzes all non-LUPA episodes that are billed by a HHRG code, and includes all outliers, PEPs and downcodes on the final claim for the episode.
Market Share Report – This report gives overall market share in terms of discharges, episodes and revenues. Users of this report quickly see how concentrated their market is, who is getting the financially attractive patients, and how entrenched the competition is.
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.
Hospice Data & Statistic 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.
Type of Service Report- This report details the number of days billed by type of service: Routine, Continuous Care, Respite and Inpatient. Analyzing the number of Inpatient days may be useful in identifying the opportunity to create an inpatient unit or to gauge the success of a competitor’s unit.
Key Indicators by Diagnosis
Sample This report is a further analysis of the Primary Diagnosis Report. With the Disease Grouping Analysis, the relative financial attractiveness of each segment can be seen. By portraying the key financial indicators for each disease segment, report users can determine the comparative performance on these indicators between diagnosis groups and judge their performance versus the competition and local market standards. This report, in conjunction with the Primary Diagnosis Report, can show how diagnosis mix is affecting key financial indicators.
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HHRG Domain Scoring
Sample This report enables users to quickly see market share by patient mix across clinical, functional, and service domains by individual domain score. It categorizes Home Health Resource Group (HHRG) codes for each full episode by its clinical, functional and service domain score.. Agencies can tell if a competitor is focusing on a certain type of patient such as therapy patients. Also, agencies can tell if their patient population is clinically sicker or more functionally challenged by reviewing the portion of their full episodes that are weighted towards the higher clinical and/or functional scores. If the population is sicker or more limited, higher resource utilization and visit levels would result. This chart will also show if competitors are targeting post-acute rehab settings. And, the report highlights share of therapy cases and rehab setting referrals.
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Market Share Report
Sample This report gives overall market share in terms of discharges, episodes and revenues. Users of this report quickly see how concentrated their market is, who is getting the financially attractive patients, and how entrenched the competition is. In our Market Share Report, we track episodes because they are the best measure of an agency’s size. We also track episodes per discharge as a key to profitability, because we know that multiple episodes allow for certain upfront costs, such as intake and business development, to be spread over a larger revenue base. We track episodes and revenues by quarter so trends in an agency’s market share—gains or losses—will be apparent. Also, seasonality is calculated into the metrics, so that it is possible to see if an agency’s pattern is unique or reflective of the overall market. With our measurements in hand, an agency could determine that the best way to improve profitability and gain market share is by concentrating on patients with chronic conditions.
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Financial Analysis
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.
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Hospice Market Share I Report
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.
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Type of Service
Sample This report details the number of days billed by type of service: Routine, Continuous Care, Respite and Inpatient. Analyzing the number of Inpatient days may be useful in identifying the opportunity to create an inpatient unit or to gauge the success of a competitor?s unit.