Why Home Health is One of the Fastest Growing Healthcare Markets

Why Home Health is One of the Fastest Growing Healthcare Markets: Home health spending continues to grow in the U.S., outpacing overall healthcare spending and GDP. CMS reported that home health spending reached $103 billion in 2017, and is predicted to grow by 6.7 percent annually by 2020, while healthcare spending overall is only expected to grow 5.5 percent each year, according to Home Health Care News. At a recent webinar presented by law firm Polsinelli, Dallas-based managing partner Jon Henderson hosted leading experts in the field to give an update on the home health market. Cortney Marcin, a director in consulting firm BDO's Center For Healthcare Excellence and Innovation, discussed the factors that have spurred the growth of home health nationwide. With 10,000 U.S. residents turning 65 each day, Marcin noted that 70 percent of patients seeking home care treatment are 65 and older. The added numbers and increased preference to receive care at home has been a major influence in increasing home health investment and growth. Marcin also