The survey for the 2016 Home Care Benchmarking Study is now open. Are you ready to participate? If not, it’s not too late to prepare, and if you’re still not sure if you should participate in the 2016 Study, here are five simple reasons to join the growing number of contributors:
1. Get an overview of your agency
Have you taken the time to evaluate the financial progress of your agency this year? Do you know what your top referral sources are or what your caregiver turnover rate is? The 2016 Prep Worksheet is an excellent free tool for organizing and analyzing your agency’s progress over the past year. You can take a look at your revenues and evaluate changes you need to make in the coming year. When you get your copy of the study, you’ll also be able to compare your numbers with regional data and the industry as a whole.
2. Caregiver Retention Regional Report
Study participants will receive a free copy of the Caregiver Retention Regional Report. Caregiver turnover has been on the rise, and providers need to develop new practices in the coming year to find and keep the best caregivers. This regional report breaks down all of the data you need to understand what caregivers are looking for in your region. You can compare pay percentiles according to your region, see the top recruitment sources, and more.
3. The Companionship Exemption Findings Report
Home Care Pulse conducted a survey of 444 home care providers regarding their reactions and future plans in light of the recent Companionship Exemption Ruling. Study participants will receive a free copy of the results of this survey. The report details overall impacts of the ruling and breakdowns impacts by region. It also highlights the percentage of caregivers who are paid overtime in the average pay period and actions taken by providers due to the ruling. As you make adjustments in your agency, this report can help you make data-driven decisions.
4. Discount on the 2016 Study
This year the study includes more data than ever before, along with a few new additions including detailed reports of caregiver recruitment expenses, home care billing rates, caregiver training methods and hours, and more. Though the value is greater than ever, the price for those who participate is especially low. When you complete before February 15th, you can pre-order the study for only $99. That’s a $200 discount as a special thank you to study contributors.
5. Increase value of industry data
The Home Care Benchmarking Study is the most comprehensive study in the private duty home care industry, and it’s a valuable asset to providers as they work to make informed business decisions. The study has become increasingly valuable in recent years thanks to the growing number of providers who have shown their support by participating. Each participant to the survey adds to the range and value of the industry data, and it’s thanks to your participation that Home Care Pulse is able to continue providing you with this quality data, tips, and tools year after year.
The team at Home Care Pulse is grateful for your continued support of the annual Home Care Benchmarking Study, and we look forward to your participation this year.
Participating in the survey is simple. Visit benchmarking.homecarepulse.com to learn how. Once you finish, you will then be able to pre-order your digital download of the 2016 Study. The process is easy, and the rewards are great.