Home healthcare is projected to grow at a breathtaking pace by 2026. According to the US Bureau of Labor Statistics, employment in the sector will grow by 54%, adding 738,200 jobs, compared to the average employment growth in all industries projected at 7%.

How big is the home care industry?

The global home healthcare market size was valued at USD 281.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027. Population aging around the world and increased patient preference for value-based healthcare are anticipated to fuel market growth.

Why is healthcare growing rapidly?

Employment in healthcare occupations is projected to grow 15 percent from 2019 to 2029, much faster than the average for all occupations, adding about 2.4 million new jobs. This projected growth is mainly due to an aging population, leading to greater demand for healthcare services.

What are the five health career pathways?

Health Care Careers are divided into five pathways – Therapeutic Services, Diagnostic Services, Support Services, Health Informatics, and Biotechnology Research and Development.

Is home health booming?

Demand for home health care has been rising in recent years as older Americans’ preference for aging in place has grown. According to a 2018 AARP national survey, 76% of Americans 50 years and older want to remain in their current residence and 77% would like to stay in their community.

What industry does home care fall under?

Industry Definition Companies in the Home Care Providers industry primarily provide services in the home. These services may be medical or nonmedical and include skilled nursing care, personal care, homemaker and companion services, physical therapy and medical social services.

What is the PDGM?

WHAT IS PDGM? The Patient Driven Groupings Model is a case-mix classification model for home health organizations. The model took effect January 1, 2020 and is the largest change to the reimbursement system in nearly 20 years.