© 2021 - Negotiamini. All Rights Reserved.
The concept of home healthcare has had an inconsistent journey since the doctor house calls of 50 years ago. For example, according to the National Association for Home Care (NAHC) , in the mid-80s, home care providers were down to a total of 5,900 across the nation, while later in the decade, thanks to a lawsuit the group participated in, they grew to over 10,000. In 2001, they were back down again to 6,861, and didn’t rebound to 10,581 until the end of 2009. Yet, since 2015, according to Home Health Care News , the home health subsector has contracted by more than 8 percent, with nearly 1,000 agencies exiting the market.
The recent pandemic, however, may just be enough fuel to get the fires of home healthcare burning strong once and for all.
For starters, it has allowed relative newcomers to thrive. As PYMNTS reported recently, home-health provider DispatchHealth recently raised $200 million in Series D funding, and is now opening in a new market every three to four weeks. The company provides complete critical care and monitoring delivered to patients’ homes. Its success is due in part to its partnership with Medicare and Medicaid, which not only allows the […]