Posted on: September 28, 2017 by Manchester Specialty
The home care industry includes home health care agencies and providers, companion care firms, visiting nurse associations (VNA) and in-home hospice care services. They provide at-home services, such as skilled nurses, personal care, homemaking, companionship, physical therapy, social services, medical equipment supplies, counseling, occupational and vocational therapy, dietary and nutritional services, speech therapy, and other related services. There are currently 2.2 million home care employees working for these agencies and providers across the country, according to the U.S. Census Bureau, offering the medical care support and personal assistance older adults need, in the comfort of their homes.
During the last ten years, the home care workforce has doubled in size and has seen a shift from providing services in a nursing home setting to caring for a growing adult population who want to age in place at home. This trend will indeed continue as we see the population of those age 65 and over double by 2050 – from 47.8 million to 88 million, cites a report, “U.S. Home Care Workers: Key Facts,” by PHI, a leading authority on the direct care workforce.
The report goes in-depth to put the spotlight on the typical profile of a home care worker, the type of jobs they carry out and the challenges they face. Here are some key highlights from the PHI report:
It’s estimated that 633,100 home care jobs will be added between 2014 and 2024. Personal care aides will make up 328,000 of these jobs, home health aides 254,700, and nursing assistants 50,400. Although this is good news in terms of future job opportunities, expectations are that there will be a gap in the labor force due to fewer older women entering the workforce in the years to come (who today make up the majority of the home care workers), and difficulty in being able to fulfill these jobs. To fill this gap and attract a wider pool of talent, it’s important to make home care jobs more competitive, with higher wages, better benefits and improved working conditions, cites the PHI report.
Manchester Specialty provides end-to-end insurance solutions to home health care providers. Our programs include General Liability, Professional Liability, Workers’ Compensation, Management Liability, Cyber Liability and Non-Owned & Hired Auto insurance, among other key coverages. For more information about our business and insurance lines, you or your local agent/broker may contact us at 855.972.9399.