Global Home Care Market Report 2020-2021: Shortage Of 446,100 Home Health Aides Expected By 2025

Research and Markets

12 May 2021 at 8:23 am·2-min read

Dublin, May 12, 2021 (GLOBE NEWSWIRE) -- The "Home Care Market Report" report has been added to ResearchAndMarkets.com's offering.

In 2020 home health agencies experienced many challenges due to COVID-19 but opportunities for future growth remain. The 2020 Home Care Market Report examines market trends within home health, hospice, home infusion and the durable medical equipment market.

Three months into the pandemic, 92% of home health agencies reported revenue declines
Over 50% of hospice providers experienced a decrease in admissions due to COVID-19
Home health professionals rate private-duty home care and Medicare-certified home health as the greatest potential for growth
64% of home care agencies freeze hiring due to uncertainty of Patient-Driven Groupings Model

Who Should Buy This Report

Healthcare investors
Health systems
Healthcare distributors
Healthcare manufactures
Group Purchasing Organizations
Government Health Agencies
State Health Agencies
Healthcare Providers

Key Topics Covered:

Executive Summary
Home Health Market Overview
Home Health Market Valued At $116 Billion
90% Of Home Care Agencies Have Decline In Admissions Due To COVID-19
Nearly Two-Thirds Of Home Health Providers Have Revenue Declines of 20% Or More Due To COVID-19
Private Duty Home Care And Home Health Services Under Medicare Offer Greatest Growth Opportunities
Staffing And Changing Payment Models Seen As Home Care's Top Challenges
Shortage Of 446,100 Home Health Aides Expected By 2025
64% of Home Care Agencies Freeze Hiring Due To Uncertainty of Patient-Driven Groupings Model's Impact
Caregiver Turnover Rate Higher Than National Average
Nearly A Third Of Home Care Workers Are Over The Age of 55
40% Of Home Care Agencies Did Not Plan To Invest In Remote-Patient Monitoring Before COVID-19
73% Of Home Care Professionals Using Technology Use Telehealth During COVID-19
Home Care Is Half The Cost Of A Private Nursing Home Room
Home Infusion Market Valued At $8.4 Billion In 2019
Over Half Of Hospice Providers Experience Admission Decreases During COVID-19
Hospice Providers Rate Staffing As Their Greatest Challenge
Hospice Utilization Declines Slightly In 2019
Out-Of-Pocket Payments Are Largest Revenue Source For DME Suppliers
COVID-19 Causes Supply Chain Disruptions
During First Four Months of PDGM, Home Health Providers See $1.3 Billion Reduction In Medicare Payments
Medicare Advantage Changes Provide Opportunity For Home Care Agencies
GHX Reports $8.8 Billion In Distributed Sales For Home Healthcare In 2019
GHX Reports Home Health Sales By Segment
GHX Reports Top Distributed Home Health Products By Category

For more information about this report visit https://www.researchandmarkets.com/r/vejljz

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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Global Home Care Market Report 2020-2021: Shortage Of 446,100 Home Health Aides Expected By 2025

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