CHICAGO, Feb. 7, 2020 /PRNewswire-PRWeb/ -- Hospice News, an Aging Media Network publication, is pleased to announce the results of its first-ever outlook survey on the state of the hospice market.
Conducted in collaboration with Dallas-based Homecare Homebase, the survey gathers the opinions of more than 300 industry professionals including owners, executive leadership, managers and staff, polled about their hospice care industry outlook for 2020.
The report on the survey results includes highlights on where industry stakeholders foresee challenges in the year ahead, which non-home settings they see as most ripe for hospice service growth, their preparation for the upcoming Medicare Advantage hospice carve-in, where they see referral growth potential, and more.
In summary, respondents indicated:
- Staffing is the greatest challenge to the hospice industry in 2020
- Hospice providers see a big opportunity for growth in assisted living settings, as well as nursing facility settings in the year ahead
- Industry participants see electronic health and medical records offering hospice providers their best ROI opportunity in terms of technology investments
"Based on our regular conversations with hospice professionals, it was no surprise to learn from the survey response that staffing challenges and revenue cycle management are going to be the most critical areas for hospice operations in the year ahead. It was interesting to see the vast growth potential that respondents are seeing both in terms of alternative hospice settings and new referral partnerships," said Hospice News Editor Jim Parker
The full survey results are available here.
About Aging Media Network / Hospice News
Aging Media Network is an innovative business media company based in Chicago, Illinois, and is the publisher of Senior Housing News, Reverse Mortgage Daily, Home Health Care News and Skilled Nursing News, Hospice News, and Behavioral Health Business.
Hospice News is the leading source for industry news and information covering the growing business of hospice care. Visit https://hospicenews.com for more information.
SOURCE Aging Media Network