Illumifin Publishes its 10th Annual Cost of Care Study; Reveals Significant Increase in Cost of Home Health Care Services Nationwide.
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Wednesday, March 27, 2024
WOODBURY, Minn., March 27, 2024 /PRNewswire/ -- illumifin, the leading insurance administration and claims solution provider for long term care (LTC) insurance, has just released its 2023 Cost of Care study and comprehensive analysis. Now in its tenth year, this longitudinal study includes national, state and regional costs of various care services, spanning skilled nursing, adult day care, home health care and assisted living facilities.
Key Points:
- Now in its tenth year, this longitudinal study includes national, state and regional costs of various care services, spanning skilled nursing, adult day care, home health care and assisted living facilities.
- illumifin's Cost of Care study gathers tens of thousands of data points from care providers nationwide, with results normalized by the company's in-house actuarial and data science teams.
- In addition, care providers benefit from understanding the market rates for services in their area.
- For more information regarding illumifin's Cost of Care Study, please contact Jennifer Frost via email at [email protected] .