Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
The global healthcare staffing market is expected to grow at a CAGR of around 5.2% over the forecast period 2019 to 2026 and reach the market value of around US$ 45.2 billion by 2026. The North America region accounted for the maximum share of the global healthcare staffing market in 2018 due to a lack of skilled professionals as compared to demand, cost-cutting of hospitals and healthcare suppliers, and preference of healthcare professionals to work independently. The presence of major service providers in the region is another key factor for the dominance in the market. Strategic initiatives such as mergers and collaborations by these players further propel the market growth. For instance, in June 2019, AMN Healthcare acquired Advanced Medical Personnel Services, Inc., an allied and nurse staffing agency that serves clinics, hospitals, skilled nursing facilities, schools, and home health settings. With this acquisition, AMN healthcare expands its allied professionals and nursing staff along with the number of clients. Asia Pacific is anticipated to grow at the fastest rate during the forecast period. This can be attributed to increasing awareness about the advantages associated with contract staffing. Contract staffing does not involve liabilities that normally associated with permanent staff, one can choose from a larger pool, and the recruitment process is faster. India, China, Singapore, Australia, and Japan are the key markets in the Asia Pacific region.
Brian Holzer, MD, serves as both president of Louisville, Ky.-based Kindred Healthcare's innovation arm and CEO of Kindred Innovations' first spinout company, Lacuna Health. Lacuna Health, which offers a suite of solutions to streamline transitions of care and operations within contact centers and physician practices, is an emblematic example of Kindred Innovations' mission: to leverage Kindred Healthcare's vast expertise in care delivery to develop solutions for the larger healthcare ecosystem. "That's very atypical, and it's one of the reasons why this business model makes sense, where you leverage what you've been doing for yourself and then offer a market-facing solution," Dr. Holzer said. "The market will view you as being more credible, given that you've delivered the solutions for yourself and you have the data to prove it." Here, Dr. Holzer explains how that "atypical" model has protected Kindred Innovations and Lacuna Health from one of the biggest challenges facing healthcare innovation: the dreaded "chicken or egg" situation in which innovators need data from early adopters to prove the credibility of their offerings, but those potential adopters will not contribute data until the offering is proven credible.
What Are the Most Recent Trends in Hospice Services Market? With Top Players Hospice, Kindred Healthcare, National Hospice and Palliative Care Organization
Reports Monitor has the addition of a new report titled, ‘Global Hospice Services Market’ provides an in-depth study about the market size, share, industry focus, industry status, competitive landscape, and the potential future growth opportunity of the market. The report also offers a detailed valuation of future technologies on the basis of the historical and on-going market data as well as the dynamics of the market. The Hospice Services Market Research report comprises primary and secondary information which is represented in the form of graphs, pie-charts, linear representations, tables, blueprints, and reference figures. The report is epitomized in an efficient manner, involving the market overview, agreement, mergers & acquisitions, and certain facts on the basis of consolation and comprehension.
The Patient-Driven Groupings Model (PDGM) will largely come and go, leaving ample growth opportunities in its wake for the market’s biggest home health providers. With that in mind, LHC Group Inc. (Nasdaq: LHCG), has its long-term sights set on landing more value-based payment agreements. That’s according to CFO Joshua L. Proffitt, who discussed PDGM, LHC Group’s financial standing and other topics while presenting at the Stephens Nashville Investment Conference on Friday. Like so many other companies, LHC Group is gearing up for the major transition that will take place once PDGM officially begins on Jan. 1. Many companies have begun implementing refined staffing strategies as a response to the payment overhaul’s changes to therapy utilization, while others have worked to beef up their coding capabilities.