It’s not just the fastest growing healthcare industry; it’s the fastest growing of all industries!
The Affordable Care Act has put an emphasis on improving the quality of care, population health, and cost containment. Because of this, the home healthcare industry is on the rise. If you are operating in this booming industry, you want to ensure you can set your business up for long-term success. In order to do so, you have to protect your most valuable assets — your employees! Promoting and emphasizing a safe work environment will result in greater patient satisfaction, greater patient compliance with treatment, and more proactive care, which can improve care quality.
With the industry growing at such as rapid rate, the home healthcare business offers unusual challenges, particularly in the case of workers‘ compensation. When it comes to unusual challenges, Brady Risk Management is the team to turn to for the solution. Our program applies technology, intelligence, and a human touch throughout the entire process to help create a holistic healthcare risk management strategy. We work with you to invest in the right systems and to utilize our proprietary software to create an intelligent strategy. We pair this with quality customer service and a healthcare approach that puts the patient and employee first. The end result is a truly effective risk management approach for the home healthcare industry.
Understanding The Unique Risks Of Home Health Care
Home health care is an incredible industry. It allows for many ailing patients to receive the quality care they need from the comfort of their home. From providing basic medical services to assisting with bathing and grooming, home healthcare aids provide an array of valuable services to their patients. Generally, home health care is utilized by the elderly and those who would struggle to leave their home to receive treatments or assistance with medication. This allows these patients to avoid living in a nursing home or assisted living center while still receiving vital medical attention.
However, because home health care takes place in someone’s home, it opens up your company to an array of risks. Employees face a variety of tasks that can lead to injuries, such as heavy lifting. They also are at risk during travel to and from homes. Not only that but in the home health care industry, your employees are often alone at job sites, which can open up your company to another set of risks. It is much harder to ensure protocols and policies are followed due to the independent nature of home health care. Employees also face a higher risk in the case of violence or aggression from patients. All of these risks trickle back to your company and put your business in a precarious place. This is why it is vital that you work towards creating a full-scale home healthcare risk management strategy. Our team at Brady Risk Management can help you assess the risks you face and work to implement an appropriate strategy.
Implementing A Healthcare Risk Management Plan
In order to implement an ideal healthcare risk management plan, you will need to first assess the array of risks your business faces. It is important to conduct a risk assessment of the workplace, which in this case is the homes of your patients. While you will be facing a different set of risks than a traditional healthcare facility, there are some risks that remain the same. Our team will help you as you walk through the variety of factors that will play a role in how well you manage the risks of your employees and the risks to your company.
Once you understand the risks your company and employees face, you can better work to create a home healthcare risk management plan. This plan will involve important insurance policies, such as a workers’ compensation plan, but it should also go beyond just insurance policies. This is where working with our team is ideal, as we do not simply pair you with a quick plan and call it good. We will help you create important policies and protocol for your employees that help lower the risks associated with home health care. We can also work with you to create a plan on how to better train employees, keep track of their work, and improve methods in the workplace. Our goal is that you not only have coverage to protect you when trouble comes your way but that you also have a plan for lowering your risks in the first place.
The Vital Role Of An Appropriate Workers’ Compensation Plan
One important component of your home healthcare risk management strategy is workers’ compensation. While it is vital to the health of your business, workers’ compensation can also be one the largest general and administrative expenses for our clients. Let us leverage our experience and knowledge, combined with access to the nation’s leading insurance carriers, to obtain the best rates and superior coverage available in the market.
Coverages Available Include
but Not Limited to:
- Workers Compensation
- Professional Liability
- General Liability
- Non-Owned Auto Liability
- Abuse & Molestation
Our Workers Comp Program
Is Also Available For:
- Assisted Living Facilities
- Nursing Homes
- Hospice Centers
We can work with you to lower the cost of your workers’ comp program while improving your coverage. When you pair this with an overall improved healthcare risk management strategy, you can enact important change for your business.
Reach Out To Our Team
If you would like a free quote on workers’ compensation policies or you want to speak to us about improving your home healthcare risk management program, we invite you to reach out to our team today. Here at Brady Risk Management, we endeavor to help our clients create effective and intelligent risk management strategies. We understand the array of unique risks you face in the home healthcare industry and our goal is to work with you to properly identify and manage these risks. With years of experience behind us, we can honestly say we have seen it all. We will use our skillset, knowledge, and technology to guide you towards an improved risk management strategy.