The aging baby-boom generation, staffing challenges, and structural changes among payors are impacting the extended care market, according to HIDA's 2008 Extended Care Market Report.
A 67% increase in extended care spending by the year 2017 is expected as the nation’s baby-boom generation ages. Meanwhile, changes in the nursing home patient demographic and staffing shortages are expected to have a significant impact on the market.
Increased emphasis by payors on quality of care measures also is occurring as Medicare and Medicaid track the performance of nursing homes and home health agencies against clinical outcomes.
Other data in the 2008 Extended Care Market Report includes findings that
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Nursing home consolidation continues to increase
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Group purchasing organizations are expanding into the long-term care market
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Growth of the senior population is eclipsing Medicare spending growth
Download the 2008 Extended Care Market Report Charts & Graphs.
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