A decade ago, home care was seen as a cottage industry. Today, it’s a multibillion-dollar market made up of thousands of individual businesses, several of which operate from coast to coast and have thousands of caregivers on staff. The home care industry in 2020 will be defined by record-setting private equity activity and providers’ pursuit of Medicare Advantage business, Home Health Care News predicts. The supply and demand of caregivers will also continue to be a crisis, though creative solutions are underway. HHCN recently forecasted what this year’s home health landscape will look like, and now it’s doing the same for home care. By “home care,” HHCN broadly means all types of non-medical, in-home care services, which could range from companionship and light housekeeping to specialized dementia care and transportation.
Read the full article: Rising Costs, PE Takeovers and Medicare Advantage: Top Trends in Home Care for 2020 //