The hospice space should see extensive growth during 2020 as well an increasing focus on social determinants of health. Demographic tailwinds are among the drivers of hospice growth, as well as a driver of investment in hospice companies. An estimated 10,000 people in the United States become Medicare-eligible each day, a trend that many expect to continue until 2029, according to the Medicare Payment Advisory Commission (MedPAC). More than 50% of Medicare decedents elected to enter hospice during 2018, a record number, according to the National Hospice & Palliative Care Organization (NHPCO). And more Americans are dying at home than in a hospital or other facility for the first time, as indicated by a report that appeared in the New England Journal of Medicine. These factors come with both challenges and opportunities, such as the need to encounter patients earlier in the course of their illnesses.
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