Washington, DC (PRWEB) February 10, 2010
ChangingHomeCare.com has announced the creation of a completely free exchange of best practices and thought-provoking ideas among homecare providers and patients, with the goal to make homecare a larger part of the national healthcare solution.
Several studies clearly indicate that homecare can reduce readmissions to the hospitals, thus reducing overall Medicare costs, and is a much lower cost alternative to long-term care institutions. However, rather than realizing the value that homecare brings to the overall healthcare system, the industry continues to be marginalized, with homecare scheduled to receive a disproportionate share of Medicare payment cuts. Medicare skilled home healthcare services alone make up less than 4% of Medicare spending; however, in the current proposed healthcare legislation, their budget would be slashed as much as 17.2% over the next ten years, almost 11% of the total proposed cuts to healthcare reimbursements in the U.S. House Bill.
ChangingHomeCare.com was created by Wyatt Matas & Associates, an investment-banking firm based in Washington, DC. Says managing partner, Chip Measells, “We have tracked the homecare industry for many years and seen it miss many opportunities to move up the ladder of the healthcare continuum. We don’t want to sit on the sidelines anymore and watch a critical part of healthcare continue to lose its voice. Creating this free interchange of ideas allows the people ‘on-the-ground’ to work together to push homecare forward as a larger part of healthcare.”
ChangingHomeCare.com is dedicated to identifying opportunities to expand the value of homecare in the healthcare continuum, such as:
- Demonstrating the ability to treat patients through chronic-disease management programs
- Increasing the use of tele-health/monitoring in patient homes
- Evaluating the opportunity for post-episode care management
- Increasing the level of acuity of patients allowed to be treated in the home
ChaningHomeCare.com is a combined effort between homecare providers and vendors to develop a platform of ideas to influence where homecare will operate in the future. Combined with thought-provoking content and envelope-pushing ideas, the venture will seek to increase homecare’s position in the overall healthcare continuum. This will be accomplished through the site forums as well as strategy sessions conducted via teleconferences and in-person. http://www.changinghomecare.com
About Wyatt Matas & Associates
Wyatt Matas & Associates are advisors to lower-middle market businesses, providing merger and acquisition engagements, capital raising or restructuring projects. The Company serves as a sounding board to owners, executive teams and boards of directors during key decision points in their companies’ lifecycle. Because of their experience across many sectors and industries within healthcare, they are able to assess complex situations and provide their clients with a viewpoint of how the market will perceive various strategic initiatives and objectives from a valuation perspective. For more information, visit http://www.wyattmatas.com.