According to the Center on Budget & Policy Priorities, the recession isn’t over yet. In fact, economic shortfalls are still hitting some regions in a major way. For Fiscal Year 2013, 29 states are projected to face budget deficits totaling over $47 billion dollars. The most troubling statistic, however, may be that this number comes in addition to previous State budget shortfalls that added up to over $500 billion dollars.
These alarming figures mean obvious cuts to State Medicaid programs and other senior services. However, many states are making changes in an effort to ensure that as many seniors as possible receive the care that they need; such as New Hampshire, which just received a $26.5 million Balancing Incentives grant to re-align services provided via their Medicaid program.
In the coming weeks, we’ll look at the changes occurring in home health care and private duty elder care thanks to Medicaid reform. These blog topics will cover changes occurring across the country, the benefits of waivers, and how home and community based care is saving money for already strapped State budgets.
We’ll also examine how preparing your agency with knowledgeable staff and transparent administration, via homecare software or homecare system, like ClearCare, can help you prepare to garner more business from new Medicaid funding models.