10 Sep Home Health & Hospice Care Utilization on the Rise Nationwide
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]
Uptick Shows Signs of A Shift
During the last five years, the overall usage nationwide of home health care and hospice services both experienced a significant uptick, with several millions of additional Medicare beneficiaries receiving care. Examining the most recent data pulled from Medicare Part A and Medicare Part B claims, there were nearly 58 million Medicare beneficiaries living in the United States in December 2017. This number was representative of a roughly 2 percentage points increase in the population compared to previous years. It is now estimated that within the next 30 years, the overall number of enrolled beneficiaries approach 93 million. These numbers offer economic opportunity for home health agencies, hospice care facilities, EVV and home health software providers, aides, and other players within the market.
July 2018 Home Health Blog - There are many who cite the aging population and a lack of financial flexibility for seniors as clear indicators that a national universal healthcare bill is needed; one which would include an allowance of homecare services for seniors (and others in need) as well. One northeastern state is on the cusp of passing hotly debated legislation which would draw closer to implementing a universal healthcare system which would provide free home care services for aging residents in need. A ballot initiative in Maine which would begin effect late in 2018, is drawing praise as a God send from some, while garnering ire as a scam by others.
