Consumer Directed Services (CDS): A Primer
CareVoyant
All-in-One, cloud-based Home Care Software for Private Duty Nursing, Non-Medical, HCBS, Home Health Care Agencies.
Between 2019 and 2023, use of Consumer Directed Services (CDS) increased 23%, with a total of over 1.5 million people signed on for these services. While the Covid-19 pandemic did spur much of this growth, CDS had already been a growing part of the home care sector and continues to grow today. There are, however, some burgeoning challenges that are arising with the expansion of this sector.
Find Your Perfect Match: Selecting the Right Software Partner for Your Home Care Agency
Searching for the right software can be difficult. The home care market was valued at approximately $250 billion in 2023 and is expected to grow over $100 billion more by 2028. In an industry that has drawn so much attention, with an abundance of software touting solutions for home health agencies, it can be difficult to sort through the noise to find the right software solution for your agency.
For long-term success in the home care industry, it is important not just to look for the Best Home Care Software, but also the one that aims to serve as a partner with you to help you grow.
Reduce Unbilled Claims and Improve Cash Flow for Your Home Care Agency
While demand for Home Care Services continues to grow, increased regulatory requirements and a labor force shortage will pose many challenges to the cash flow and bottom line of Home Health Care Agencies. Authorization, Plan of Care, and Physician Order Management will lead to potential unbilled and denied claims. Home Care Agencies are forced to do more with less just to keep from falling behind in cash flow and the bottom line.
Home Health Care Agencies should stay ahead of these challenges with the right processes and tools to survive, thrive, and grow.?Discover how minimizing unbilled claims can significantly enhance cash flow for your home care agency. Implement effective strategies today.
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ABOUT CAREVOYANT
CareVoyant is a leading provider of cloud-based integrated enterprise-scale home health care software that can support all home-based services under ONE Software, ONE Patient, and ONE Employee, making it a Single System of Record. We support all home based services, including?Home Care, Private Duty Nursing, Private Duty Non-Medical, Home and Community Based Services (HCBS), Home Health, Pediatric Home Care, and Outpatient Therapy at Home.
CareVoyant functions – Intake, Authorization Management, Scheduling, Clinical with Mobile options, eMAR/eTAR, Electronic Visit Verification (EVV), Billing/AR, Secure Messaging, Notification, Reporting, and Dashboards – streamline workflow, meet regulatory requirements, improve quality of care, optimize reimbursement, improve operational efficiency and agency bottom line.
For more information, please visit?CareVoyant.com?or call us at 1-888-463-6797.