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Financial impact of the caregiver projects
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by Michaelmccr
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Financial impact of the caregiver projects May 25, 2012 11:18AM Administrator |
People may remember that a couple of months ago I asked for examples of the financial impact supporting caregivers may have on local systems. I recall that during the Gathering one of the projects mentioned that they believed that the caregivers they were serving had delayed placing care recipients in nursing homes for six months or more. Does anyone have hard data of that sort?
REPLIES
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by Michaelmccr
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Re: Financial impact of the caregiver projects November 12, 2012 03:10PM Administrator |
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by jcrittenden
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Re: Financial impact of the caregiver projects July 18, 2012 09:44AM |
In Maine, we estimate that our project has saved approximatedly $2,849,099 in nursing home costs over the course of the project. This is a very conservative estimate since it is based on our follow-up surveys which only track caregivers over the course of 4 months. These figures are based on nursing home costs in Maine which currently average $192.59/day.
Return on investment: Every $1 Weinberg put into the project has resulted in $4.38 in nursing home cost savings.
-Jen Crittenden
Return on investment: Every $1 Weinberg put into the project has resulted in $4.38 in nursing home cost savings.
-Jen Crittenden
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by kathyblack
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Re: Financial impact of the caregiver projects June 30, 2012 02:18PM |
I am pleased to report the following financial impact of the Sarasota CARES project as of July 1, 2012 data:
Using data estimates from the Federal Long Term Care Cost of Care per Area calculation of Sarasota County average costs : Home Health Aide = $20.00/ hr;
Nursing Home Monthly cost = $6,844
Respite care was provided for 10,543 hours = $210,860
Averted Nursing Home Costs for 99 months = $677,531
TOTAL = $888,391
Using data estimates from the Federal Long Term Care Cost of Care per Area calculation of Sarasota County average costs : Home Health Aide = $20.00/ hr;
Nursing Home Monthly cost = $6,844
Respite care was provided for 10,543 hours = $210,860
Averted Nursing Home Costs for 99 months = $677,531
TOTAL = $888,391
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by Michaelmccr
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Re: Financial impact of the caregiver projects July 02, 2012 02:23PM Administrator |
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by Michaelmccr
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Re: Financial impact of the caregiver projects June 25, 2012 03:45PM Administrator |
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by lbreuer1
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Re: Financial impact of the caregiver projects June 04, 2012 11:17AM |
Willing Hearts, Helpful Hands volunteers have provided over 6000 hours of respite care valued at $90,000.
The potentially avoidable nursing home costs attributable to Willing Hearts, Helpful Hands program are estimated to be between $4,230,416 - $5,112,920 . This means that for every dollar spent in WHHH program we save the public $15 in nursing home costs alone.
The potentially avoidable nursing home costs attributable to Willing Hearts, Helpful Hands program are estimated to be between $4,230,416 - $5,112,920 . This means that for every dollar spent in WHHH program we save the public $15 in nursing home costs alone.
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by lbreuer1
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Re: Financial impact of the caregiver projects June 04, 2012 10:29AM |
Willing Hearts, Helpful Hands volunteers have provided over 6000 hours of respite care valued at $90,000.
The potentially avoidable nursing home costs attributable to Willing Hearts, Helpful Hands program are estimated to be between $4,230,416 - $5,112,920 . This means that for every dollar spent in WHHH program we save the public $15 in nursing home costs alone.
Edited 1 time(s). Last edit at 06/04/2012 05:08PM by lbreuer1.
The potentially avoidable nursing home costs attributable to Willing Hearts, Helpful Hands program are estimated to be between $4,230,416 - $5,112,920 . This means that for every dollar spent in WHHH program we save the public $15 in nursing home costs alone.
Edited 1 time(s). Last edit at 06/04/2012 05:08PM by lbreuer1.
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by pamharris
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Re: Financial impact of the caregiver projects May 25, 2012 01:40PM |
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by Michaelmccr
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Re: Financial impact of the caregiver projects May 25, 2012 01:52PM Administrator |
Sorry, only registered users may post in this forum.