2020 Home Care Market Report
In 2020, home health agencies experienced many challenges due to COVID-19, but opportunities for future growth remain. The 2020 Home Care Market Report examines market trends within home health, hospice, home infusion and the durable medical equipment market.
- Three months into the pandemic, 92% of home health agencies reported revenue declines.
- Over 50% of hospice providers experienced a decrease in admissions due to COVID-19.
- Home health professionals rate private-duty home care and Medicare-certified home health as greatest potential for growth.
- 64% of home care agencies freeze hiring due to uncertainty of Patient Driven Groupings Model.
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