Healthcare Finance NewsHealthcare Finance News
  • Home
  • Sections
    • Industry News
    • Community Care
    • Hospitals & IDNs
    • Payers
    • Solutions and Services
  • Issues
    • March 2010
    • Jan/Feb 2010
    • December 2009
    • November 2009
    • October 2009
    • Sept. 2009
  • Resource Central
    • All Resources
    • Research
    • White Papers
    • Web Seminars
    • Videos
    • Podcasts
  • Blog
  • Events
  • Jobs
  • About
  • Subscribe
  • Advertise
  • Newsletters
  • RSS
  • Twitter feed
  • LinkedIn group
Select Your Homepage
Search eConnect
Login | Register
Home » News » Industry News | Community Care

E-mail to a FriendPrint
Social Bookmarking
  • Delicious Delicious
  • Digg Digg
  • StumbleUpon StumbleUpon
  • Reddit Reddit
  • Newsvine Newsvine
  • Furl Furl
  • Facebook Facebook
  • Google Google
  • Yahoo Yahoo
Long-term care costs rise 3.3 percent in 2009

Long-term care costs rise 3.3 percent in 2009

October 28, 2009 | Chelsey Ledue, Associate Editor

Suggested Content

  • Long-term care costs rise 3.3 percent in 2009
  • MetLife Foundation awards $100K to Alzheimer's Disease International
  • MetLife Foundation awards $200K for geriatric training to medical students
  • Survey shows limited knowledge about long-term care
  • Community colleges awarded $20K for caregiver training programs
  • Gingrich urges funding to cure Alzheimer's by 2020
  • Medicare health plan for Alzheimer's unveiled

WESTPORT, CT – Despite the economy and subsequent fall in market prices, the cost of long-term care has gone up, according to the 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services and Home Care Costs.

According to the survey, private-room nursing home rates rose 3.3 percent to $219 per day or $79,935 per year, while assisted living also rose 3.3 percent on average to $3,131 per month. Home healthcare aides now cost an average of $21 per hour, a 5 percent increase, and adult day services run $67 per day, a 4.7 percent increase.

Findings of the study include:

  • For nursing homes, the highest cost for a private room was reported in Alaska ($584/day) while the lowest was in Louisiana ($132/day).
  • Assisted living costs were highest in Wilmington, Del. ($5,219/month) and lowest in North Dakota ($2,041/month).
  • The highest home healthcare aide rate was $30 per hour in the Rochester, Minn. area, while the lowest was reported in the Shreveport, La. area at $13 per hour.
  • Adult day services were highest in Vermont at $150 per day and lowest in Montgomery, Ala. at $27 per day.

The survey groups assisted living communities into three categories – basic (five or fewer services), standard (six to nine services) and inclusive (10 or more services) – and notes differences from 2008 in the number of communities in each category. More are classified in the standard range and fewer in the basic category.

The study also found that those with Alzheimer's disease, or those who later develop Alzheimer's, can expect to pay more for assisted living services, with an average monthly cost of $4,435.

"These across-the-board increases may be surprising to many given the economy over the past year," said Sandra Timmermann, director of the MetLife Mature Market Institute. "But while the Consumer Price Index decreased overall during the past year, costs for medical care are 3.3 percent higher, which parallels our findings on long-term care.”

The change in pricing methods at some assisted living communities may be another factor, she said. She warned  consumers to carefully compare prices at all long-term care service facilities by considering both the base price and add-ons for additional services.

Additional findings of the survey include:

  • About three-quarters of the home healthcare agencies surveyed provide Alzheimer's training to their employees.
  • Almost all (98 percent) of the agencies surveyed do not charge an additional fee for patients with Alzheimer's. 
  • About one-quarter (27 percent) of the home healthcare agencies surveyed have a 24-hour or live-in rate. 
  • The average capacity at adult day service centers is 44 and the average client-to-staff ratio is 6:1, with a maximum of 20:1.
Related Topics:
  • Alzheimer's
  • MetLife
  • Sandra Timmermann
  • WESTPORT

Reader Comments (0)Login to Post a Comment

receive news by email

Most Popular

Latest Headlines
Most Popular
  • Creative payment reform initiatives abound nationwide
  • Analysis: Medical malpractice payments continue to fall
  • Recession hurts, but pharmacists are still in demand
  • Senate votes to delay doc pay cut until Oct. 1
  • Online auction nets Maryland health system $1.25M in energy savings
  • Vendor Notebook: Craneware, Inc., signs contract to deploy new toolkit
  • Mayo Clinic’s debt rating improves
  • Community pharmacies tout "smaller" health reform bill
  • Number of uninsured Americans could grow by 10M in five years
  • USDA funds construction of North Carolina hospital
Syndicate content

HEALTHCARE FINANCE JOB SPOT

  • Director of Patient Financial Services - Vista Health System - Waukegan, Illinois
  • Epic Business Systems Analyst Ambulatory Practice Management Revenue Cycle - Lee Memorial Health System - Fort Myers, FL
  • Healthcare Consulting Partner/Leader Performance Improvement, Healthcare Finance and Operations - Tatum - Chicago and Dallas
  • Chargemaster - Cheshire Medical Center - NH
  • System Coding Auditor - Saint Joseph Health System - Lexington, KY
more jobs
  • EHRWatch.com

    EHRWatch.com offers news, commentary and community participation on the developments in electronic health records.

  • Priming the Pump

    Priming the Pump provides practical news on the stimulus package and the incentives that it offers to healthcare providers.

  • NHINWatch

    Visit NHINWatch.com for coverage of the Nationwide Health Information Network.

  • Mobile Health Watch

    Stay up to date on the latest mobility news at Mobile Health Watch.

  • MedTech Publishing

    Visit our company Web page to learn more about MedTech Publishing.

  • LinkedIn

    Join our LinkedIn group to connect with other Healthcare Finance News readers.

  • Healthcare Finance Job Spot

    Check out the latest open positions at Healthcare Finance Job Spot.

  • Healthcare IT News

    Visit Healthcare IT News for the latest health information technology news.

  • Facebook

    Join Healthcare Finance News on Facebook to connect with other readers!

Marketplace

  • Home
  • Issues
  • Resource Central
  • Blog
  • Events
  • Subscribe
  • Advertise
  • About Us
  • Site Map
  • Privacy Policy
Healthcare Finance News is a publication of MedTech Publishing Company LLC.
For more information about MedTech Publishing Company and its publications, please visit medtechpublishing.com.
©2009 MedTech Publishing
Powered by Phase2 Technology.