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An Emerging and Evolving Industry
By Dr. David Edward Marcinko; MBA, CPHQ™, CMP™
By Thomas A. Muldowney; MSFS, CLU, ChFC, CFP® CMP™
By Hope Rachel Hetico; RN, MHA, CPHQ™, CMP™
Over the past decade, the home care industry has evolved away from agencies that are affiliated with hospitals and toward independent, non-facility-based agencies.
The Numbers
The number of home care agencies in the U.S. fell nearly 10% in this period, to 13,313 in 2006 from 14,670 in 1996. But, as the total number of home care agencies slipped over these 10 years, the number of agencies that were hospital-based plunged by more than one-third, to 1,636 from 2,563 in 1997.
Assessment
And, hospital-based home care agencies accounted for just 12.3% of all agencies in 2007-08, down notably from 17.0% in 1997.
More: www.HealthcareFinancials.com
Conclusion
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