In the world of private duty home care, diversification isn’t just a buzzword – it’s a necessity. This session dives into how to create a “deep dish” payor mix that maximizes revenue, minimizes risk, and enhances financial stability. Explore innovative strategies for incorporating alternate payor sources, including managed care organizations, long-term care insurance, veterans’ benefits, and private pay clients. Learn how to navigate contract negotiations, mitigate concentration risk, and identify new revenue streams, all while staying true to your agency’s mission of delivering high-quality care.
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