Industry Analysis & Industry Trends
Due to the necessary nature of services provided by nursing care facilities, the industry was able to grow despite broad economic stagnation. Additionally, the continued aging of the population has spurred demand for industry services. Since the elderly are more prone to injury and illness, and therefore require more assistance with daily activities, the larger share of senior adults has propelled demand for nursing care facilities. Despite favorable demographic trends, unsatisfactory government funding has hindered industry growth. Over the five years to 2021, the industry is expected to continue expanding. Continued aging of the population, which is expected to accelerate over the five-year period, will drive industry growth... purchase to read more
Industry Report - Industry Products Chapter
Nursing facilities provide short-stay patients and long-stay residents with a full range of services in addition to basic skilled nursing and custodial care. Facilities typically supply rooms, meals, social activities, personal care, 24-hour nursing supervision and access to medical services when needed. In addition, most nursing facilities offer interim medical care (after a hospital stay) and respite care (short-term relief for those who are caring for family members).
Selected services provided to nursing home residents are delivered through formal contracts with outside providers... purchase to read more