Home healthcare is a growing industry, but regulations aren’t keeping pace.
As America’s population continues to age at an increasing rate, there has been major growth in the home healthcare industry. Unfortunately, regulation of home healthcare services has lagged behind, leaving patients and caregivers alike vulnerable to a variety of risks. Here’s what you need to know about the risks associated with the home healthcare industry and why stricter regulations need to be put in place.
- Vulnerable Population
Home healthcare services offer care for the elderly and for those with ongoing health concerns. Unfortunately, the lack of oversight leaves these populations vulnerable to fraud, neglect, and abuse from unqualified or unverified home healthcare workers. Because many states do not regulate this industry, home healthcare aides may not be required to submit background checks, and some do not even receive training. In some states, home healthcare aides are not even required to undergo licensing or meet educational standards. This lax environment creates an atmosphere where criminals can easily swoop in and take advantage of the vulnerable parties who are only looking for help.
- Changing Regulations
In response to the increasing number of elderly abuse and financial fraud cases, state and federal officials have worked together to change the laws governing the home healthcare industry. Currently, 70% of states require home healthcare providers to be licensed, and more states are expected to adopt this regulation in the coming years. The Centers for Medicare and Medicaid Services are also implementing standards designed to protect patients through employee training and stricter regulatory oversight. While these changes are coming after the major home healthcare boom, hopefully, regulators will continue to push until there is greater accountability for home healthcare professionals and increased security for the patients in need.
This is what you need to know about the lack of regulations governing the home healthcare industry. If you run a legitimate home healthcare service, then you may also be at risk. Protect your workers, company, and commercial assets with the right insurance. For assistance with all your business insurance needs, contact the experts at PMC Insurance Group today.
