SimiTree analysts expect data to reflect sizeable jump in direct care mileage cost

SimiTree data analysts expect incoming data for Q1 2022 to reflect the significant impact of explosive gas prices in March on home health and hospice agencies.

Direct care mileage costs accounted for 2.5 percent of total revenue in Q4 2021, the most recent data SimiTree makes available to the public.

But SimiTree Vice-President Brian Martin, who tracks data for The Financial Monitor, SimiTree’s industry-leading data analytics and benchmarking tool, expects that figure to climb as data is reported and analyzed for Q1 and beyond.

“This 2.5 percent represents a steady increase in direct care mileage cost quarter over quarter since the start of 2020,” Martin said. “We are expecting that trend to continue. But there are multiple other factors which are likely to impact direct care mileage data for Q1, pushing it higher.”