As the coronavirus continues to spread across the U.S., one might assume the home-based care industry is booming, due to providers’ special ability to keep vulnerable senior populations safely at home. However, it seems the opposite is true: Many home health and home care providers have reported that business is down, due to factors like the elimination of elective surgeries, family members being home more often to care for loved ones and seniors turning caregivers away over coronavirus fears. In fact, one home health agency in San Diego told Home Health Care News it anticipates April revenue to be down about 33% — a huge hit when you consider the agency’s typical profit margin is just about 5%.
Read the full article: Calm Before the Storm: In-Home Care Providers Brace for COVID-19 Surge //
Source: https://homehealthcarenews.com/2020/04/calm-before-the-storm-in-home-care-providers-brace-for-covid-19-surge