Temporary Staffing Can Bridge the Shortage That Threatens High-Quality Home Healthcare and Revenue
January 6, 2018
Home healthcare market expected to grow to $391.41 billion by 2021
With 10,000 baby boomers turning 65 every day, resulting in about 50 million people relying on the healthcare system by 2020, home healthcare is one of the nation’s fastest-growing industries. IBIS World said current home healthcare revenue is about $93 billion annually, while Zion Market Research said the home healthcare market could reach $391.41 billion by 2021.
But the home healthcare industry is also in the midst of a significant challenge that will only increase with homecare’s rapid growth: Home healthcare is skyrocketing concurrently with a serious healthcare practitioner shortage.
How will home healthcare agencies bridge these two opposing forces to meet patient needs and revenue goals?
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