U.S. Spending On Long-Term Services & Supports: New Series Of OPEN MINDS Market Intelligence Reports Details What Services Are Covered & Who Is Paying

Gettysburg, Pa. (April 24, 2016) — In a recently released Market Intelligence Report series about U.S. spending on long-term services and supports (LTSS), the OPEN MINDS team reports that about nine million consumers utilize LTSS, the majority of which are over the age of 65. This series includes two reports that provide a detailed breakdown of U.S. spending on LTSS services, as well as definitions for each of the services and information on who will pay for these services – Medicare, Medicaid, LTSS insurance, or out-of-pocket

The first report in the series focuses on LTSS spending by payer, while the second report provides detailed information on the types of services being provided and how each is funded. The report series answers a number of questions, including:

1. What Is The Size Of The U.S. LTSS Market?
2. How Is The LTSS Market Funded?
3. What Types Of LTSS Are Covered By Medicaid?
4. What Types Of LTSS Are Covered By Medicare?
5. What Types Of LTSS Are Covered By Private Long-Term Care Insurance & Consumer Self-Pay?
6. How Are LTSS Covered?
7. Who Pays For LTSS?
8. What Is U.S. Spending On Nursing Facility Care, Assisted Living, & Continuing Care Retirement?
9. What Is U.S. Spending On Residential Care For Mental Health & IDD?
10. What Is U.S. Spending On Skilled Nursing Home Health Services?

“This particular report series will be helpful for provider organizations to identify relevant payers for LTSS services and to determine what service lines may be the best fit for their organization,” explains Athena Mandros, OPEN MINDS Market Intelligence Manager and author of the reports. “The reports explain that Medicaid is the primary payer of health care services, and in 2013 was responsible for more than half (58%) of health care expenditures. And the majority of LTSS spending is for nursing facility, assisted living, and continuing care communities, which represented 41% of spending.”

For a more detailed breakdown of payer spending on LTSS, read the OPEN MINDS Market Intelligence Report, What Does The U.S. Spend On Long-Term Services & Supports, By Payer?: An OPEN MINDS Market Intelligence Report. For a summary of the report, check out the article, Who Pays For Long-Term Services & Supports?, which is available at no cost to the public.

For more on LTSS spending by service type, read the report, What Is U.S. Spending On Long-Term Services and Supports By Service Type?: An OPEN MINDS Market Intelligence Report. For a summary of this second report, check out the article, The LTSS Shift – Finding The Opportunities, which is available at no cost to the public.

Published weekly by OPEN MINDS’ team of experts, the Market Intelligence Reports are provided as a free resource to Premium & Elite members of the OPEN MINDS Circle. Click here for details on how to become a Premium or Elite member. The reports are also available for purchase in the OPEN MINDS store by clicking here.

OPEN MINDS is a national strategic advisory firm specializing in the sectors of the health and human service industry serving individuals with complex support needs: mental health; addiction treatment; children & family services; intellectual & developmental disabilities; chronic disease management; long term care; social services; correctional health care, reentry & diversion; and juvenile justice.

Founded in 1987 and based in Gettysburg, Pennsylvania, the 75+ associates believe by providing the latest market intelligence and management best practices to organizations serving the health and social support needs of the most vulnerable consumers, those organizations will be better able to provide efficient and effective services. Learn more at www.openminds.com.

For additional questions and inquiries, please contact Angela McDonald, Marketing Manager, OPEN MINDS at 717-334-1329 or openminds@openminds.com.