TrendLens March 29, 2018: Top 3 Concerns of Homecare and Hospice Executives

Lisa Remington

Welcome to TrendLens‚Ķtrends bending the curve in home health and post-acute care. In this issue of TrendLens, is access to exclusive insights and strategies to 3 key challenges homecare and hospice executives are facing. You may be surprised how top concerns have changed even from a year ago.

Lisa Remington, President, Remington Health Strategy Group

Labor: The #1 Challenge For Homecare Executives

Approximately 3.5 million Medicare beneficiaries received homecare in 2015, and the program spent about $18.1 billion on home health care services. Over 12,300 agencies participated in Medicare that same year.1

According  to the Occupational Outlook Handbook,2 overall employment of home health aides and personal care aides is projected to grow 41 percent from 2016 to 2026, much faster than the average for all occupations.  The US Bureau of Labor Statistics projects 19% growth in RN jobs from 2012-2022.3

As the baby-boom generation ages and the elderly population grows, the demand for the services of home health aides and personal care aides will continue to increase. Why is it home care executives reported labor concerns as their #1 challenge in 2017 despite the industry employment growth?

 

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Sources:

1 MedPAC Report March 2017: http://www.medpac.gov/docs/default-source/reports/mar17_medpac_ch9.pdf?sfvrsn=0

2 Occupational Outlook Handbook: http://www.bls.gov/ooh/healthcare/home-health-aides-and-personal-care-aides.htm - tab-6

3 US Bureau of Labor Statistics: http://www.bls.gov/opub/ted/2014/ted_20140127.htm