2024 Activated Insights Benchmarking
Report SnapShot

The SnapShot will give you a preview of the rich insights found in the 2024 Report. Use code SNAPSHOT24 for 15% off.

Image showing two logos side by side. On the left, a blue house icon with a person and foliage accompanied by the text "Home Care Association of America." On the right, a stylized house with an American flag and text "Home Care & Hospice." Below, it reads, "Endorsed by the HCAOA & NAHC.
2024 Activated Insights Benchmarking
Report SnapShot

The SnapShot will give you a preview of the rich insights found in the 2024 Report. Use code SNAPSHOT24 for 15% off.

An image of the Annual Activated Insights Benchmarking Report for 2024. The cover features a smiling elderly person being hugged by a caregiver. Text: "Activated Insights Benchmarking Report 2024," "Formerly HCP," and "15 Years." Also shows an endorsement by Home Care & Hospice.
Image showing two logos side by side. On the left, a blue house icon with a person and foliage accompanied by the text "Home Care Association of America." On the right, a stylized house with an American flag and text "Home Care & Hospice." Below, it reads, "Endorsed by the HCAOA & NAHC.
An image of the Annual Activated Insights Benchmarking Report for 2024. The cover features a smiling elderly person being hugged by a caregiver. Text: "Activated Insights Benchmarking Report 2024," "Formerly HCP," and "15 Years." Also shows an endorsement by Home Care & Hospice.
Get 15% off the Report! (use code: SNAPSHOT24)
SECTION
Participation Summary

The Participation Summary provides an overview of the participants whose data is included in this Report, including years in business, provider type, geographic location, and annual revenue. This section gives insight into the makeup of survey respondents who made this year’s Report possible.

Bar chart illustrating survey participation by provider type for the 2024 report. Franchise leads with 42.3%, followed by independently owned and operated business at 39.3%, part of a larger hospital system at 8.2%, other at 7.5%, and part of a social service organization at 2.7%.
A map of the United States and Canada shows participation rates by region for the 2024 report. Northeast U.S. has the highest at 25.4%, followed by Southern U.S. at 23.6%, Great Lakes at 17.9%, Central at 18.2%, and Pacific at 14.0%. Canada shows a participation rate of 0.9%.

What else is in the Participation Summary?

  • Historical Total Participation
  • Participation by Provider Type for 2024 Report

  • Historical Participation by Number of Locations
  • Historical Participation by Populations Served
  • Historical Participation by Years in Business
  • Participation by U.S. State & Canada for 2024 Report

  • Participation by Revenue Range for 2024 Report

  • Membership Associations for 2024 Report

  • Survey Participation by Lines of Business Provided in 2024 Report

  • Survey Participation by Lines of Business Provided in 2023 – Provider Type

  • Survey Participation by Lines of Business Provided in 2023 – Number of Locations

  • Survey Participation by Lines of Business Provided in 2023 – Population Served

  • Survey Participation by Lines of Business Provided in 2023 – Years in Business

  • Survey Participation by Lines of Business Provided in 2023 – Geographic Region

  • Survey Participation by Lines of Business Provided in 2023 – Revenue Range

  • Survey Participation by Lines of Business Provided in 2023 – Membership Association

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Sales & Marketing

The Sales & Marketing section dissects the variety of strategies and channels currently being used by post-acute care businesses to help you evaluate the best approach for your own organization. This section encompasses data about customer and employee acquisition and retention, including the top channels for consumer and referral marketing, conversion rates, and acquisition costs. These findings will help you determine whether your sales and marketing programs measure up to other businesses within your region and revenue range.

Bar chart showing "2023 Top 10 Marketing Sources" for home care services. Breakdown: Word-of-Mouth (22.1%), Internet Lead Sites (9.3%), Veterans Affairs (8.7%), Internet SEO (7.4%), Caregivers/Employees (4.6%), Healthcare Professionals (4.8%), Internet PPC (3.6%), Government Administration Programs (3.8%), State Medicaid Programs (3.0%), and Assisted Living Facilities (3.0%).
A chart displaying the top 5 growth opportunities for 2024 in home health and hospice. Categories ranked: New Referral Sources (22.1%), Strengthening Relationships (16.4%), Recruitment/Retention (15.9%), Client/Family Referrals (11.7%), New Partnerships (9.5%).

What else is in Sales & Marketing?

  • Home Care 2023 Top Marketing Sources

  • Home Care 2023 Top 10 Marketing Sources – Percent of Participants’ Top Source – Masters

  • Home Care 2023 Top 20 Marketing Sources

  • Home Care Historical Inquiry Tracking Comparison – Median Revenue

  • Home Care Historical High vs Low Inquiry-to-Admission Ratio – Median Revenue

  • Home Care Median Sales Conversions for 2023 – Percentile Ranking

  • Home Care Median Sales Conversions for 2023 – Revenue Ranges

  • Overall Annual Number of Inquiries – Businesses Using Activated Insights Products
  • Home Care Top 5 Growth Opportunities for 2024

  • Home Health Hospice Top 5 Growth Opportunities for 2024
  • Home Care Top 5 Threats Facing Home Care Providers in 2024

  • Home Health Hospice Top 5 Threats Facing Home Health & Hospice Providers in 2024

  • Home Care Historical Median Customer Growth Rates

  • Home Health Hospice Historical Median Customer Growth Rate for 2023

  • Home Care Historical Customer Growth Rates – Revenue Ranges

  • Home Care Historical Customer Growth Rates – Geographic Region

  • Home Care Historical Median Customer Acquisition Costs

  • Home Care Historical Median Customer Acquisition Costs – Geographic Region

  • Home Care Customer Acquisition Costs for 2023 – Revenue Ranges
SECTION
Recruitment & Retention

As the industry continues to combat the historic staffing shortage, care staff recruitment and retention remains the highest concern for all post-acute care organizations. The Recruitment & Retention section takes a look at the most common hiring and staff retention practices, evaluates the effectiveness of these methods, and breaks down which turnover challenges are most relevant to your geographic region. This section also analyzes what constitutes a competitive compensation, benefits, and training package for your region to help you create your own unique strategy for improving the employee experience.

Bar chart titled 'Overall Impact of Shortages by Role' from a survey. It shows percentages of impacts ranging from 'Extremely Negative Impact' to 'Did Not Experience Any Shortages' across roles like Professional Caregivers, Home Health Aides, Nurses, Office Staff, Social Workers, and Therapists.
Bar graph depicting Revenue Per Professional Caregiver Employee for 2023. The 95th percentile is $40,959, the 75th percentile is $21,925, the median (50th percentile) is $14,822, and the 25th percentile is $8,360. Text explains the calculation method.

What else is in Recruitment & Retention?

  • Home Care Top 10 Caregiver Recruitment Sources/Methods for 2023
  • Home Care Top 10 Caregiver Recruitment Sources/Methods for 2023 – Masters
  • Home Health Hospice Top 10 Care Professional Recruitment Sources/Methods for 2023
  • Home Care Top 5 Professional Caregiver Recruitment Sources for 2023 – Median Professional Caregiver Turnover
  • Home Care Top 5 Professional Caregiver Recruitment Sources for 2023 – Mean Professional Caregiver Acquisition Cost
  • Overall Impact on Shortages by Role
  • Home Care Impact of Professional Caregiver Shortages for 2023 – Revenue Range
  • Home Care Impact of Professional Caregiver Shortages for 2023 – Geographic Regions
  • Home Health Hospice Impact of Home Health Aide Shortages for 2023 – Geographic Regions
  • Home Health Hospice Impact of Nurse Shortages for 2023 – Geographic Regions
  • Home Health Hospice Impact of Therapist Shortages for 2023 – Geographic Regions
  • Home Health Hospice Impact of Social Worker Shortages for 2023 – Geographic Regions
  • Overall Impact of Office Staff Shortages for 2023 – Geographic Regions
  • Overall Percentage of Agencies That Turned Down Cases At Any Point in 2023 Due to Professional Caregiver Shortage
  • Overall Percentage of Agencies That Consistently Turned Down Clients Due to Caregiver Shortages As of January 2024
  • Home Health Hospice Median Nurse Hiring Conversions for 2023 – Percentile Ranking
  • Home Care Median Professional Caregiver Hiring Conversions for 2023 – Percentile Ranking
  • Home Care Median Professional Caregiver Hiring Conversions for 2023 – Revenue Range
  • Home Health Hospice Historical Median Professional Caregiver Turnover Rate
  • Home Care Historical Median Professional Caregiver Turnover Rate

  • Home Care Historical Professional Caregiver Turnover Rate – Percentile Ranking
  • Home Care Professional Caregiver Turnover Rate by Percentile Ranking for 2023 – Geographic Region
  • Home Care Professional Caregiver Turnover Rate for 2023 – Revenue Range
  • Home Care Historical Median Professional Caregiver Turnover Rate – Geographic Region
  • Home Care Revenue Per Professional Caregiver Employee for 2023 – Percentile Ranking
  • Home Care Historical Revenue Per Professional Caregiver Employee – Percentile Ranking
  • Home Care Median Revenue Per Professional Caregiver Employee for 2023 – Revenue Ranges
  • Home Care Median Revenue Per Professional Caregiver Employee for 2023 – Geographic Region
  • Home Care Median Turnover – Professional Caregiver Wages Comparison
  • Home Care Historical Median Professional Caregiver Turnover – Professional Caregiver Wages Comparison
  • Overall Median Hourly Care Staff Wages by Role
  • Home Care Live-In Professional Caregiver Wages per 24-Hour Shift for 2023 – Daily
  • Home Care Live-In Professional Caregiver Wages per 24-Hour Shift for 2023 – Geographic Regions – Daily
  • Overall Wages by Geographical Region for 2023 – Pacific
  • Overall Wages by Geographical Region for 2023 – Central

  • Overall Wages by Geographical Region for 2023 – Great Lakes
  • Overall Wages by Geographical Region for 2023 – Southern
  • Overall Wages by Geographical Region for 2023 – Northeast
  • Home Health Hospice Clinician Benefits Provided for 2023
  • Home Care Historical Percentage of Agencies Providing Professional Caregiver Benefits
  • Home Care Professional Caregiver Benefits Provided for 2023 – Overall & Revenue Ranges
  • Home Care Professional Caregiver Benefits Provided for 2023 – Number of Professional Caregivers Employed
  • Home Care Median Professional Caregiver Acquisition Cost for 2023 – Number of Professional Caregivers Employed
  • Home Care Median Professional Caregiver Turnover Rate – Number of Care Professionals Employed
SECTION
Training

Inadequate training continues to be one of the most frequent complaints from employees who work in the long-term and post-acute care industry. With that in mind, this section is designed to help you evaluate your training program compared to your peers as you uncover areas for improvement. The following information is catered to help you drive compliance, reverse turnover, and improve overall care outcomes.

A bar graph shows the types of training used in 2023 across various lines of business: home care, home health, hospice, and overall. Categories include in-person training, online training, mentor-to-peer training, and a mix of in-person and online training.
A pie chart labeled "Home Care Percentage of Agencies That Provided Specialty Care Training in 2023." The chart shows 83.1% of agencies provided training and 16.9% did not. Survey question and answer options are also included.

What else is in Training?

  • Overall Training Type Used in 2023 – Line of Business
  • Home Care Median Professional Caregiver Turnover Rate – Training Type Used in 2023
  • Home Care Median Revenue Per Professional Caregiver Employee – Training Type Used in 2023
  • Home Care Median Professional Caregiver Acquisition Cost – Training Type Used in 2023
  • Home Care Training Type Used in 2023 – Revenue Range
  • Overall Training Type Used in 2023 – Geographic Regions
  • Overall Percentage of Agencies Who Used a Professional Training Program in 2023 – Line of Business
  • Overall Percentage of Agencies Who Used a Professional Training Program in 2023 by Role
  • Overall Top 10 Professional Training Programs
  • Home Care Number of Professional Caregiver Training Hours for 2023 – Percentile Ranking
  • Home Health Hospice Number of Clinician Training Hours for 2023 – Percentile Ranking
  • Home Care Number of Professional Caregiver Orientation Training Hours for 2023 – Revenue Range
  • Home Care Number of Professional Caregiver Orientation Training Hours for 2023 – Geographic Regions

  • Home Health Hospice Number of Clinician Orientation Training Hours for 2023 – Geographic Regions
  • Home Care Median Number of Ongoing Professional Caregiver Training Hours for 2023 – Revenue Range

  • Home Care Median Number of Ongoing Professional Caregiver Training Hours for 2023 – Geographic Region
  • Home Health Hospice Median Number of Ongoing Clinician Training Hours for 2023 – Geographic Region
  • Home Care Median Revenue by Orientation Training Hours for 2023
  • Home Care Median Revenue by Ongoing Training Hours for 2023
  • Home Care Percentage of Agencies That Provide Training By Topic
  • Home Care Percentage of Agencies That Provided Specialty Care Training in 2023
  • Home Care Percentage of Agencies That Provide Specialty Care Training By Topic
  • Home Care Percentage of Agencies That Provided Continuing Education in 2023
  • Overall Percentage of Organizations That Train on Patient-Centered Care in 2023
  • Overall Percentage of Organizations that Develop an Annual Training Plan in 2023 – Line of Business
  • Overall Percentage of Organizations that Offer Career Ladder Based on Training in 2023 – Line of Business
  • Home Care Care Staff Preparation
  • Home Health Care Staff Preparation
  • Hospice Care Staff Preparation
  • Overall Care Staff Preparation
SECTION
Finance

The Finance section offers you a look into the average balance sheet of other businesses within your region, revenue range, and the industry as a whole. You’ll also find crucial data about post-acute care organizations’ revenue, expenses, payer sources, and profit and loss comparisons. Using this information, you can compare your business expenses to others in the industry and identify areas where you may be overspending. The Finance section also covers median billing rates by region to help you keep your pricing competitive.

Bar chart titled "Home Care Median Revenue for 2023 - Geographic Region" showing median revenue: Pacific $2,487,496, Northeast $2,325,748, Great Lakes $1,872,990, Central $1,775,000, Southern $1,500,000. Includes a color-coded U.S. map indicating regions.
A table titled "Home Care Historical Payer Source Percentage of Revenue" shows revenue percentages from various payer sources from 2021 to 2023. Sources include private pay, long-term care insurance, Medicaid, Medicare and more, with additional sources listed on the side.

What else is in Finance?

  • Home Care Historical Median Revenue
  • Home Care Median Revenue for 2023 – Geographic Region
  • Home Care Median Revenue for 2023 – Number of Locations
  • Home Care Median Revenue for 2023 – Population Served
  • Home Care Historical Median Revenue – HCAOA Members vs. Non-Members
  • Home Care Historical Revenue Percentile Rankings
  • Home Care Historical Revenue Percentile Rankings – Masters
  • Home Care Revenue Percentile Rankings for 2023 – Years in Business

  • Home Care Revenue Percentile Rankings for 2023 – Population Served
  • Home Care Revenue Percentile Rankings for 2023 – Geographic Region

  • Home Care Profit & Loss Comparison for 2023 – Geographic Region
  • Home Care Profit & Loss Comparison for 2023 – Number of Locations
  • Home Care Profit & Loss Comparison for 2023 – Revenue Ranges

  • Home Care Sales & Marketing Expenses Percentile Ranking for 2023 – Revenue Ranges
  • Home Care Recruitment & Retention Expenses Percentile Ranking for 2023 – Revenue Ranges
  • Home Care Historical Revenue Generated by Service Offerings
  • Home Care Historical Payer Source Percentage of Revenue
  • Home Care Historical Median Weekly Billable Hours
  • Home Care Service Billing Methods for 2023
  • Home Care Historical Median Billing Rates by Length of Visit
  • Home Care Median Billing Rates by Length of Visit for 2023 – Geographic Region
  • Home Care Median Billing Rates by Care Professional Skill Level for 2023 – Percentile Ranking
  • Home Care Care Professional Skill Level Billing Rates for 2023 – Geographic Region
SECTION
Operations

The Operations section reveals the largest threats facing your business in the coming year, according to the data, and what you need to do to prepare. It contains key data points to help you evaluate your day-to-day operations, identify opportunities for refinement, and build strategies to improve. In this section, you can evaluate the internal management of your company with information on turnover rates, staffing numbers, salaries and benefits, and readmission rates.

A pie chart titled "Percentage of Providers Tracking Hospital Admission Rates for 2023" shows that 75.9% of providers are not tracking admission rates, and 24.1% are tracking them. The chart is part of a survey where participants were asked if they track home care client hospital admissions.
A table titled "Overall Median Office Staff Annual Salaries for 2023 - Line of Business" displays salaries for various positions in Home Care, Home Health, Hospice, and Overall categories. Positions include Active Owners, Executive Management, and more, with corresponding salaries.

What else is in Operations?

  • Home Care Service Offerings for 2023
  • Home Care Service Offerings for 2023 – Revenue Ranges
  • Home Care Service Offerings for 2023 – Geographic Regions
  • Overall Percentage of Providers Having a Plan of Care – Line of Business
  • Overall Percentage of Providers Having a Plan of Care – Family Involvement – Line of Business
  • Overall Percentage of Providers Having a Plan of Care – Goals Met – Line of Business

  • Home Care Historical Median Customer Turnover Rate

  • Overall Median Customer Turnover Rate – Line of Business

  • Overall Historical Customer Turnover Rate – Percentile Ranking

  • Overall Customer Turnover Rate for 2023 – Geography Region by Percentile Rankings
  • Home Care Customer Turnover Rate for 2023 – Revenue Ranges by Percentile Rankings
  • Home Care Historical Customer Average Length of Service (In Months) – Percentile Ranking
  • Home Care Historical Customer Average Lifetime Value – Percentile Ranking

  • Home Care Percentage of Providers Tracking Hospital Admission Rates for 2023

  • Home Care Hospital Admission Rate for 2023 – Percentile Ranking
  • Home Health Hospice Hospital Readmission Rate for 2023 – Percentile Ranking – Line of Business
  • Home Care Historical Sales per Office Staff Employee – Revenue Ranges
  • Home Care Historical Sales per Office Staff Employee – Geographic Region
  • Home Care Weekly Billable Hours per Care Coordinator for 2023

  • Home Care Weekly Billable Hours per Office Staff Employee for 2023
  • Home Care Median Number of Office Staff Employed for 2023 – Revenue Ranges
  • Overall Median Number of Office Staff Employed for 2023 – Line of Business
  • Home Care Median Office Staff Annual Salaries for 2023 – Overall & Revenue Ranges
  • Overall Median Office Staff Annual Salaries for 2023 – Line of Business
  • Home Care Median Staffing Summary for 2023 – Overall & Revenue Ranges
  • Overall Median Staffing Summary for 2023 – Line of Business
  • Overall Median Staffing Summary for 2023 – Line of Business

  • Overall Median Staffing Summary for 2023 – Geographic Regions

  • Overall Office Staff Turnover for 2023 – Line of Business
  • Overall Median Office Staff Turnover – Geographic Regions and Percentile Ranking
  • Home Care Primary Reason for Customers Starting Services
  • Home Care Primary Reason for Customers Stopping Services
  • Overall Provided Office Staff Benefits in 2023
  • Overall Office Staff Benefits Provided in 2023 – Line of Business
  • Overall Consistently Turning Down New Customers Due to a Lack of Care Professionals – Line of Business
  • Overall Turning Down New Customers at Any Time Due to a Lack of Care Professionals – Line of Business

  • Overall Business Accreditations for 2023 Report

  • Home Care Historical Percent of Providers Offering Live-In Care
  • Overall Top 10 Scheduling Softwares Used by Providers in 2023
  • Overall Providers Who Use A Software Program for Online Reputation Management
  • Overall Reputation Management Software Programs Used by Provider in 2023

To see all data and insights purchase the
2024 Activated Insights Benchmarking Report

Use code SNAPSHOT24 for 15% off.

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