Industry Analysis & Industry Trends
Although revenue dropped during the recession, an aging population will increase demand for industry services. However, recent legislation will likely influence consumers to use at-home nursing care to reduce costs. In addition, decreasing Medicaid and Medicare reimbursement rates and tougher pricing negotiation from private insurance companies will hamper profitability over the next five years. To stay afloat, operators will diversify services to attract customers and buoy profit margins... purchase to read more
Industry Report - Industry Locations Chapter
Based on data from the US Census Bureau, the regions that account for the largest share of establishments in the industry are the Southeast, Great Lakes and Mid-Atlantic regions. This trend roughly reflects the age distribution in the United States. Employment in this industry is also concentrated in the Southeast (accounting for an estimated 24.4% of industry employment), the Mid-Atlantic and the Great Lakes regions. The largest states in terms of employment are New York, California, Texas, Ohio and Florida. The average size of establishments in this industry, as measured by average employment per establishment, varies significantly by region. Locations in the Mid-Atlantic region employ an average of 125 people, while Southwestern locations average 75... purchase to read more