The Cost Structure and Estimation of Home Care Services
The cost of home care services & the value of home care software are two things that should be looked at. Home care services cost money, obviously, but are these worth the cost and effort?
Will they give the care recipients a full ROI?
And are the agencies themselves profiting?
These are the questions we’ll assess in this blog post.
Figuring In-Home Care Cost
No matter what type of home care agency you choose, you’ll get an estimate based on the complete evaluation of your individual needs by an authorized care specialist or a home care organization. Depending upon the home care organization you pick, you could be charged a non-refundable evaluation expense.
Here are the three ways in which your in-home care cost can be broken down:
- Hourly Rates
It is, by far, the most well-known method to decide the exact amount you will pay as a customer. Seniors who, for the most part, stay independent in their activities of daily living may not require a full-time care specialist.
It isn’t unusual to find seniors who need care for around 2 hours a day. In this case, the determined cost won’t be so high.
However, the cost also depends on the home care office you pick. Specific home care offices have a minimum number of daily hours set that an authorized caregiver can spend at a customer’s home–generally, 2 or 4 hours.
- Everyday Rates
This price plan is for seniors who need full-time assistance or care. The rates are regularly determined every day, with remittances given for the time the caregiver takes off for their breaks and rests.
Usually, the daily rate for most home care agencies ranges from $200 to about $350 per day. It is subject to the cost of living in your given locale and the amount of care you need as a client.
- Medium-Term Rates
Overnight rates are somewhat unique compared to daily rates. Medium-term rates are not as costly as these are defined as per the predetermined number of hours and activities related to the care given by the caregiver.
Medium-term clients are seniors who need assistance during the night to attend to nature’s call or have degenerative conditions like Alzheimer’s or dementia.
The caregiver ensures the senior’s well-being as the night progresses. This rate option is opted by seniors having relatives serving as the primary caregivers during the day.
The rates are generally reasonable, with some home care offices charging between $120 and $200 for each 10–12-hour medium-term care shift.
These numbers change depending on your area and the typical cost of living in that state or district. Generally, you can count on home care organizations to see which rate model offers the best value to you.
Related blog posts:
Why Accreditation is Necessary for Your Home Care Agency
Benefits of Split Payment for Home Care