Home Health Leads Rapid Health Care Job Growth, Spending Slows
Posted on Thursday, April 25, 2019 5:26 PM
A recent report from the Bureau of Labor Statistics (BLS) showed that the health care sector added 49,000 jobs in March 2019. This job growth in March is the second largest ever in health care. Home health now accounts for nine percent of all health care jobs, behind hospitals (31 percent), nursing and residential care (21 percent), physicians’ offices (16 percent), and other ambulatory care (16 percent). Outpatient care centers account for just six percent of health care jobs. Based on current trends, experts believe home health jobs growth will continue to match or exceed job growth in all other settings of the health care sector.
Spending on the other hand, is growing at a slower rate. Health spending grew 4.1 percent from January 2018 to January 2019, 1.5 percentage points lower than the growth in GDP. After growing steady to 17.9 percent of gross domestic product in 2018, health care’s share of GDP fell to 17.7 percent in January 2019.
Source: NAHC Report
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.Go Back