Long-term care is rather expensive service. For instance, nursing facilities that offer skilled long-term care, on average, charge between $150 and $ 300 on daily basis, which translate to excess of $80,000 annually.
On the other hand, with reference to All about Long Term Care (2010), custodial home visits thrice per week cost the heights of $90, 000 (Para. 4) annually. Many insurance companies therefore, engineer various policies to cover the expenses.
In as much as family members can help the needy in providing for home care chore such as doing the laundry, cleaning or even cooking and dressing among others, some certain other services can only be provided safely and correctly by qualified and licensed health care providers such as practicing nurses and therapists.
Such services includes home based injuries or illness treatments. Also included in this list are: hospice services, medical equipments, aids for personal care, home modifications and repair of therapy equipments, respite care, home making services, independent living among others.
Home based and community based services (HCBS) enable elderly and individuals who are disabled to live as a community with guaranteed independency in as much as possible. With regard to Center for Medicare
Long-Term Care Diversification Analytical Essay
Nursing Assignment Help The unstable operating environment in the United States, especially in the 1990s has made hospitals that provide long-term care services to diversify their products as well as services offered to capture ardently the ever-changing long-term care market. The University of Rochester Medical Center (2010) sees this as arising from the dynamic changing demographic and economic pressures (Para. 9).
The hospitals have to enhance their financial stability while still ensuring enormous competitive edge in attempts to enter into new markets. A sure way to do this is to engineer a range of long-term care products from which customers can chooses. With reference to All about Long Term Care (2010), Diversification of long-term care among hospitals has been received with critics (Para. 7).
However, the chief determinate criteria, on whether the hospitals should result to specialized long-term care services provision or continue with the current trend lie squarely on the capacity of the perceived diversification advantages and disadvantages
Advantages Diversification of long-term care services has the advantages of organizational, community and market improvements. The community and its needs vary. Referring to Medicare (2010) by diversifying the long-term care services, the health centers ensure that their risks are spread along the various possible alternatives, which come with different charges (Para. 5).
The risk that is evaded by most organizations and the health centers is that of offering certain care services, which might only prove to be demanded by the opulent only hence screening out the largest number: mainly comprised of the middle income earners. The health centre also have got the desires to escape rigid competition given that numerous long term care providers have opened doors both in private and public practice.
According to Center for Medicare