2022 Post-Acute Market Report
Despite the COVID-19 pandemic, the post-acute market is projected to reach $220.4 billion by the end of 2022. An $11.9 billion increase compared to the pre-pandemic value of $208.5 billon. Post-acute facilities operated at a financial loss, providers competed with non-healthcare sectors for talent acquisition, occupancy declined, and acquisitions were lower than previous years yet the market continued to grow slowly. The 2022 Post-Acute Report highlights facilities' efforts to address staff shortages and expand services as occupancy slowly recovers from the pandemic's impact.
- One quarter of providers reduced skilled nursing beds during the COVID-19 pandemic
- 46% of post-acute facility managers believe staffing shortages will recover in 2023-2024
- Long-term acute care cases dropped 14.9% in 2020, over 13,000 cases less than the previous year