2023 HCP Benchmarking
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SECTION
Participation
Summary

The Participation Summary provides an overview of the participants whose data is included in this Report, including years in business, provider type, geographic location, and annual revenue. It gives insight into the makeup of survey respondents who made this year’s Report possible, as well as additional clarification regarding terms and calculations used.

What else is in the Participation Summary?

  • Historical Total Participation
  • Participation by Provider Type for 2023 Report
  • Historical Participation by Number of Locations
  • Historical Participation by Populations Served
  • Historical Participation by Years in Business
  • Participation by U.S. State & Canada for 2023 Report
  • Participation by Revenue Range for 2023 Report
  • Membership Associations for 2023 Report
  • Survey Participation by Lines of Business Provided in 2023 Report
  • Survey Participation by Lines of Business Provided in 2022 – Provider Type
  • Survey Participation by Lines of Business Provided in 2022 – Number of Locations
  • Survey Participation by Lines of Business Provided in 2022 – Population Served

  • Survey Participation by Lines of Business Provided in 2022 – Years in Business
  • Survey Participation by Lines of Business Provided in 2022 – Geographic Region
  • Survey Participation by Lines of Business Provided in 2022 – Revenue Range
  • Survey Participation by Lines of Business Provided in 2022 – Membership Association
  • Home Care Masters Participation by Provider Type for 2023 Report
  • Home Care Historical Masters Participation by Number of Locations

  • Home Care Historical Masters Participation by Population Served
  • Home Care Historical Masters Participation by Years in Business
  • Home Care Historical Masters Participation by Geographic Region
SECTION
Sales & Marketing

Post-acute care businesses use a variety of strategies and channels to find new customers; this section dissects the results of each strategy to help you determine the best approach for your organization. The Sales & Marketing section dives deep into data regarding acquisition and retention, including the top channels for consumer and referral marketing. It also includes the data on conversion rates and acquisition costs that you need to determine whether your sales and marketing programs measure up to others in your region and revenue range.

What else is in Sales & Marketing?

  • Home Health Hospice 2022 Top 10 Marketing Sources
  • Home Care 2022 Top 10 Marketing Sources
  • Home Care 2022 Top 10 Marketing Sources – Percent of Participants’ Top Source – Masters
  • Home Care 2022 Top 20 Marketing Sources
  • Home Care Historical Inquiry Tracking Comparison – Median Revenue
  • Home Care Historical High vs Low Inquiry-to-Admission Ratio – Median Revenue
  • Home Care Median Sales Conversions for 2022 – Percentile Ranking
  • Home Care Median Sales Conversions for 2022 – Revenue Ranges
  • Overall Annual Number of Inquiries – Businesses Using the Care Intelligence Platform (CIP)
  • Home Care Top 5 Growth Opportunities for 2023
  • Home Health Hospice Top 5 Growth Opportunities for 2023

  • Home Care Top 5 Threats Facing Home Care Providers in 2023
  • Home Health Hospice Top 5 Threats Facing Home Health & Hospice Providers in 2023
  • Home Care Historical Median Customer Growth Rates
  • Home Care Historical Customer Growth Rates – Revenue Ranges
  • Home Care Historical Customer Growth Rates – Geographic Region
  • Home Care Historical Median Customer Acquisition Costs
  • Home Care Historical Median Customer Acquisition Costs – Geographic Region
  • Home Care Customer Acquisition Costs for 2022 – Percentile Ranking
SECTION
Recruitment & Retention

As the industry continues to combat a historic staffing shortage, recruitment and retention are top of mind across the industry. The data in this section will provide the resources you need to take a data-driven approach to your own staffing. It is designed to help you understand the most common recruitment and retention practices, how effective those practices are, and which challenges are most relevant to your geographic region. It will also allow you to analyze what constitutes a competitive compensation, benefits, and training package for your region, enabling you to create your own unique strategy for improving the employee experience.

What else is in Recruitment & Retention?

  • Home Care Top 10 Professional Caregiver Recruitment Sources/Methods for 2022
  • Home Health Hospice Top 10 Care Professional Recruitment Sources/Methods for 2022
  • Home Care Top 10 Professional Caregiver Recruitment Sources/Methods for 2022 – Masters
  • Home Care Top 5 Professional Caregiver Recruitment Sources for 2022 – Median Professional Caregiver Turnover
  • Home Care Top 5 Professional Caregiver Recruitment Sources for 2022 – Mean Professional Caregiver Acquisition Cost
  • Overall Impact of Shortages by Role
  • Home Care Impact of Professional Caregiver Shortages for 2022 – Revenue Range
  • Home Care Impact of Professional Caregiver Shortages for 2022 – Geographic Regions
  • Home Health Hospice Impact of Home Health Aide Shortages for 2022 – Geographic Regions
  • Home Health Hospice Impact of Nurse Shortages for 2022 – Geographic Regions
  • Home Health Hospice Impact of Therapist Shortages for 2022 – Geographic Regions
  • Home Health Hospice Impact of Social Worker Shortages for 2022 – Geographic Regions
  • Overall Impact of Office Staff Shortages for 2022 – Geographic Regions

  • Overall Percentage of Agencies That Turned Down Cases At Any Point in 2022 Due to Professional Caregiver Shortage
  • Overall Percentage of Agencies That Consistently Turned Down Cases Due to Professional Caregiver Shortages As of January 2023
  • Home Health Hospice Median Nurse Hiring Conversions for 2022 by Applicant Percentile Ranking
  • Home Care Median Professional Caregiver Hiring Conversions for 2022 by Applicant Percentile Ranking
  • Home Care Median Professional Caregiver Hiring Conversions for 2022 – Revenue Range
  • Home Care Historical Median Professional Caregiver Turnover Rate
  • Home Care Historical Professional Caregiver Turnover Rate – Percentile Ranking
  • Home Care Professional Caregiver Turnover Rate by Percentile Ranking for 2022 – Geographic Region
  • Home Care Professional Caregiver Turnover Rate for 2022 – Revenue Range
  • Home Care Historical Median Professional Caregiver Turnover Rate – Geographic Region
  • Home Care Revenue Per Professional Caregiver Employee for 2022 – Percentile Ranking
  • Home Care Historical Revenue Per Professional Caregiver Employee – Percentile Ranking
  • Home Care Median Revenue Per Professional Caregiver Employee for 2022 – Geographic Region
  • Home Care Median Revenue Per Professional Caregiver Employee for 2022 – Revenue Ranges
  • Home Care Median Turnover – Professional Caregiver Wages Comparison
  • Home Care Historical Median Professional Caregiver Turnover – Professional Caregiver Wages Comparison
  • Home Care Live-In Professional Caregiver Wages per 24-Hour Shift for 2022 – Daily
  • Home Care Live-In Professional Caregiver Wages per 24 Hour Shift for 2022 – Geographic Regions – Daily
  • Overall Wages by Geographical Region for 2022 – Pacific
  • Overall Wages by Geographical Region for 2022 – Central
  • Overall Wages by Geographical Region for 2022 – Great Lakes
  • Overall Wages by Geographical Region for 2022 – Southern
  • Overall Wages by Geographical Region for 2022 – Northeast
  • Home Health Hospice Clinician Benefits Provided for 2022
  • Home Care Historical Percentage of Agencies Providing Professional Caregiver Benefits

  • Home Care Professional Caregiver Benefits Provided for 2022 – Overall & Revenue
SECTION
Training

Training is one of the most important factors a business can leverage to influence the compliance, satisfaction, and retention of their staff. Lack of or inadequate training is also one of the most frequent complaints we hear from employees. The information in this section will help you to drive compliance while also reversing turnover and improving care outcomes. It contains data points to help you evaluate your training program against your peers and identify opportunities to improve. 

What else is in Training?

  • Overall Training Type Used in 2022 – Line of Business
  • Home Care Median Professional Caregiver Turnover Rate – Training Type Used in 2022
  • Home Care Median Revenue Per Professional Caregiver Employee – Training Type Used in 2022
  • Home Care Median Professional Caregiver Acquisition Cost – Training Type Used in 2022
  • Home Care Training Type Used in 2022 – Revenue Range
  • Overall Training Type Used in 2022 – Geographic Regions
  • Overall Percentage of Agencies Who Used a Professional Training Program in 2022 – Line of Business
  • Overall Percentage of Agencies Who Used a Professional Training Program in 2022 by Role
  • Overall Top 10 Professional Training Programs
  • Home Care Number of Professional Caregiver Training Hours for 2022 – Percentile Ranking
  • Home Health Hospice Number of Clinician Training Hours for 2022 – Percentile Ranking
  • Home Care Number of Professional Caregiver Orientation Training Hours for 2022 – Revenue Range
  • Home Care Number of Professional Caregiver Orientation Training Hours for 2022 – Geographic Regions
  • Home Health Hospice Number of Clinician Orientation Training Hours for 2022 -Geographic Regions
  • Home Care Median Number of Ongoing Professional Caregiver Training Hours for 2022 – Revenue Range
  • Home Care Median Number of Ongoing Professional Caregiver Training Hours for 2022 – Geographic Region
  • Home Health Hospice Median Number of Ongoing Clinician Training Hours for 2022 – Geographic Region
  • Home Care Median Revenue by Orientation Training Hours for 2022
  • Home Care Median Revenue by Ongoing Training Hours for 2022
  • Home Care Percentage of Agencies That Provide Training By Topic
  • Home Care Percentage of Agencies That Provided Specialty Care Training in 2022
  • Home Care Percentage of Agencies That Provide Specialty Care Training By Topic
  • Home Care Percentage of Agencies That Provided Continuing Education in 2022

  • Overall Percentage of Organizations That Train on Patient-Centered Care in 2022
  • Overall Percentage of Organizations that Develop an Annual Training Plan in 2022 – Line of Business
  • Overall Percentage of Organizations that Offer Career Ladder Based on Training in 2022 – Line of Business
  • Home Care Staff Preparation

  • Home Health Care Staff Preparation
  • Hospice Care Staff Preparation
  • Overall Care Staff Preparation
SECTION
Finance

The Finance section gives you a look at the average balance sheet of other businesses in your region, revenue range, or the industry as a whole. It contains information on revenue, expenses, payer sources, and profit and loss comparisons. The insights in this section will allow you to compare your expenses to other businesses and identify where you may be overspending. It also covers median billing rates by region to help you keep your pricing competitive.

What else is in Finance?

  • Home Care Historical Median Revenue
  • Home Care Median Revenue for 2022 – Geographic Region
  • Home Care Median Revenue for 2022 – Number of Locations
  • Home Care Median Revenue for 2022 – Population Served
  • Home Care Historical Median Revenue – HCAOA Members vs. Non-Members
  • Home Care Historical Median Revenue – NAHC Members vs. Non Members
  • Home Care Historical Revenue Percentile Rankings
  • Home Care Historical Revenue Percentile Rankings – Masters
  • Home Care Revenue Percentile Rankings for 2022 – Years in Business

  • Home Care Revenue Percentile Rankings for 2022 – Population Served
  • Home Care Revenue Percentile Rankings for 2022 – Geographic Region

  • Home Care Profit & Loss Comparison for 2022 – Geographic Region
  • Home Care Profit & Loss Comparison for 2022 – Number of Locations
  • Home Care Profit & Loss Comparison for 2022 – Revenue Ranges

  • Home Care Sales & Marketing Expenses Percentile Ranking for 2022 – Revenue Ranges
  • Home Care Recruitment & Retention Expenses Percentile Ranking for 2022 – Revenue Ranges
  • Home Care Historical Revenue Generated by Service Offerings
  • Home Care Historical Payer Source Percentage of Revenue
  • Home Care Historical Median Weekly Billable Hours
  • Home Care Service Billing Methods for 2022
  • Home Care Historical Median Billing Rates by Length of Visit
  • Home Care Median Billing Rates by Length of Visit for 2022 – Geographic Region
  • Home Care Median Billing Rates by Care Professional Skill Level for 2022 – Percentile Ranking
  • Home Care Care Professional Skill Level Billing Rates for 2022 – Geographic Region
SECTION
Operations

The Operations section helps you identify and prepare for the largest threats facing your business in the coming year. It provides the insight you need to evaluate the internal management of your company, with information on turnover rates, staffing numbers, salaries and benefits, and readmission rates. This section contains key data points to evaluate your day to day operations, as well as strategies to improve.

What else is in Operations?

  • Overall Service Offerings for 2022 – Line of Business
  • Home Care Service Offerings for 2022 – Revenue Ranges
  • Home Care Service Offerings for 2022 – Geographic Regions
  • Overall Percent of Providers Having a Plan of Care – Line of Business
  • Overall Percent of Providers Having a Plan of Care – Family Involvement – Line of Business
  • Overall Percent of Providers Having a Plan of Care – Goals Met – Line of Business
  • Home Care Historical Median Customer Turnover Rate
  • Overall Median Customer Turnover Rate – Line of Business
  • Overall Customer Turnover Rate for 2022 – Percentile Ranking
  • Overall Customer Turnover Rate for 2022 – Geographic Region by Percentile Rankings
  • Home Care Customer Turnover Rate for 2022 – Revenue Ranges by Percentile Rankings
  • Home Care Historical Customer Average Length of Service (In Months) – Percentile Ranking
  • Home Care Historical Customer Average Lifetime Value – Percentile Ranking
  • Home Care Percentage of Providers Tracking Hospital Admission Rates for 2022
  • Home Care Hospital Admission Rate for 2022 – Percentile Ranking
  • Home Health Hospice Hospital Readmission Rate for 2022 – Percentile Ranking – Line of Business
  • Home Care Historical Sales per Office Staff Employee – Revenue Ranges
  • Home Care Historical Sales per Office Staff Employee – Geographic Region
  • Home Care Weekly Billable Hours per Care Coordinator for 2022
  • Home Care Weekly Billable Hours per Office Staff Employee for 2022
  • Home Care Median Number of Office Staff Employed for 2022 – Revenue Ranges
  • Overall Median Number of Office Staff Employed for 2022 – Line of Business
  • Home Care Median Office Staff Annual Salaries for 2022 – Overall & Revenue Ranges
  • Overall Median Office Staff Annual Salaries for 2022 – Line of Business
  • Home Care Median Staffing Summary for 2022 – Overall & Revenue Ranges
  • Overall Median Staffing Summary for 2022 – Line of Business
  • Overall Median Staffing Summary for 2022 – Geographic Regions

  • Overall Office Staff Turnover for 2022 – Line of Business
  • Overall Median Office Staff Turnover – Geographic Regions and Percentile Ranking
  • Home Care Primary Reason for Customers Starting Services
  • Home Care Primary Reason for Customers Stopping Services
  • Overall Provided Office Staff Benefits in 2022
  • Overall Office Staff Benefits Provided in 2022 – Line of Business
  • Overall Consistently Turning Down New Customers Due to a Lack of Care Professionals – Line of Business
  • Overall Turning Down New Customers at Any Time Due to a Lack of Care Professionals – Line of Business

  • Overall Business Accreditations for 2023 Report
  • Home Care Historical Percent of Providers Offering Live-In Care
  • Overall Top 10 Scheduling Softwares Used by Providers in 2022
  • Overall Providers Who Use A Software Program for Online Reputation Management
  • Overall Reputation Management Software Programs Used by Provider in 2022

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2023 HCP Benchmarking Report

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