2020 and 2021 have been challenging years for home care agencies across the United States. The devastating impact of 2020’s COVID-19 lockdown meant that home care agencies faced a problem they had not experienced ever before. On one side, more patients prefer receiving care at home , on the other side, there are staffing challenges of finding the caregivers to help them cope up with the demand.
Overview of the Home Care Industry – A Ready Reckoner
As the country ages, the Home Care Industry is poised to grow. The US home healthcare market is projected to grow about 7% annually from $103 billion in 2018 to $173 billion by 2026 — outpacing growth in all other care types, including hospital care (+5.3% annually) and physician services (+5.6% annually). The industry has also come into a lot of focus during the COVID-19 crisis as well.